| 
| Selfkey 
| #KEY
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| KEY Price: | $0.00912 | | Volume: | $14.9 M | | All Time High: | $0.09 | | Market Cap: | $48.6 M |
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| Circulating Supply: | 5,334,969,446 |
| Exchanges: | 17
| | Total Supply: | 5,999,999,954 |
| Markets: | 21
| | Max Supply: | 5,999,999,954 |
| Pairs: | 18
|
|
The price of #KEY today is $0.00912 USD.
The lowest KEY price for this period was $0, the highest was $0.00912, and the exact current price of one KEY crypto coin is $0.00911645.
The all-time high KEY coin price was $0.09.
Use our custom price calculator to see the hypothetical price of KEY with market cap of SOL or other crypto coins. |
The code for Selfkey crypto currency is #KEY.
Selfkey is 5.2 years old. |
The current market capitalization for Selfkey is $48,635,984.
Selfkey is ranked #331, by market cap (and other factors). |
There is a large volume of trading today on #KEY.
Today's 24-hour trading volume across all exchanges for Selfkey is $14,900,776. |
| The circulating supply of KEY is 5,334,969,446 coins, which is 89% of the maximum coin supply. |
| Note that there are multiple coins that share the code #KEY, and you can view them on our KEY disambiguation page. |
 | Blockchain Games Key to Onboarding a 'Critical Mass of Users Onto Web3'&...
According to Claudio Riff, the CEO of Pooky, a sport prediction game powered by blockchain, gaming may be one of the more effective ways of getting users to experience the potential of blockchain and Web3 without dealing with the associated complexities.Onboarding People to Web3 Through Gaming
Pointing to the gaming industry's appeal and reported market value of over $200 billion in 2021, the CEO of Pooky postulated that having more blockchain-based games could potentially help 'onboard a critical mass of users onto Web3.'
In written responses sent to Bitcoin.com News via Whatsapp, Claudio Riff, an early-stage investor, explained why using games to educate users about Web3 technologies is believed to be more effective than doing so the conventional way. He also highlighted the difference between sports betting and a new phenomenon known as sport prediction and why the latter is seen as a better game.
Below are Riff's responses to the questions from Bitcoin.com News.
Bitcoin.com News (BCN): In your opinion, what is the biggest hurdle to the mass adoption of Web3 technologies?Claudio Riff (CR): The biggest hurdle to increasing the adoption of Web3 technologies is the user experience. The need to interact with multiple interfaces, including wallets, exchanges, and Dapps, can be confusing and intimidating for users who are not familiar with blockchain and cryptocurrency. Additionally, the complexity of the vocabulary associated with Web3 technologies can be a significant blocker ...
|  | SHIB Drops 7% in 24 Hours, Here's the Key Support (Shiba Inu Price Analy...
Information emerged that the Shibarium code is a copy. The SHIB price reacted quickly to this news.
Key Support levels: $0.000010Key Resistance levels: $0.000011
Shiba Inu suddenly turned bearish once the news broke out about its code. The price dropped by 7% and is now dangerously close to the key support at $0.000010. Buyers may be hesitant now to consider SHIB and may choose to wait until there is more clarity on this developing story.
Chart by TradingView
Trading Volume: After good buy volume early in the week, this suddenly changed yesterday when bears took over.
RSI: The daily RSI failed to move above 50 points and now is falling again. This is bearish.
MACD: The daily MACD was about to complete a bullish cross, but this was stopped once the news about SHIB's code broke out.
Chart by TradingView
Bias
The bias for SHIB is bearish.
Short-Term Prediction for SHIB Price
With SHIB's fundamentals put into question, it is becoming hard to be bullish at this time. For this reason, a retest of the key support at $0.000010 appears more likely in the near term.
The post SHIB Drops 7% in 24 Hours, Here's the Key Support (Shiba Inu Price Analysis) appeared first on CryptoPotato.
|  | SelfKey Releases AI and zk-Based Solutions for Safer Digital Verificatio...
[PRESS RELEASE - Hong Kong, Hong Kong, 9th March 2023]
Self-sovereign identity service, SelfKey, has released a new whitepaper detailing KYC solutions with features enabled by artificial intelligence and Zero knowledge verifications. The AI based solution and the zk-based features, built using KYC-Chain technology, will be rolled out to vendors, allowing them to safely authenticate users without exposing them to identity theft.
Zk verifications provide a means of verifying that a piece of information is correct without disclosing the information itself. They are popularly used in blockchain systems to enable entities to transact without revealing sensitive financial information such as account balances. SelfKey’s zero knowledge KYC system makes use of this same technology for identification purposes.
One of the advantages of SelfKey’s zk solution is that it empowers vendors to perform mandatory KYC checks without being burdened with storing user data. This frees platforms from the burden of holding sensitive information, such as customer selfies and identity document scans, complete with the security risk this entails. Users will receive reassurance that their data is not being stored in centralized databases for each platform they engage with.
The development of a zero-knowledge KYC solution has occurred in tandem with further enhancements to SelfKey’s digital identity service. This has included the incorporation of artificial intelligence to improve accura...
|  | DPA Token (DPAT) and Blockchain Technology: The Key to Unlocking Africa'...
PRESS RELEASE. For foreign investors who have always wanted to diversify their portfolio with African assets but have been held back by security and transparency, this might be a game-changer.
Africa is a continent that is rich with potential and opportunity. However, due to prolonged periods of negative portrayals and limited access to resources or capital, it has not been able to maximise this potential. This has led to a lack of economic growth and development in many African countries.
While many attempts have been made to address these issues, the lack of a secure and efficient alternative capital and fundraising market has resulted in further economic stagnation. This is where cryptocurrency, blockchain technology and the recently launched DPA Token (DPAT) come into play.
What is DPA Token (DPAT)?
In addition to acting as a dependable store of value and efficient global money transfer tool, cryptocurrencies have developed into premier investing devices. They grant retail investors with no background in the market access to profitable opportunities that used to be limited exclusively to renowned venture capitalists and accredited angel investors.
Thus, DPA Token (DPAT) has been designed to give retail investors the opportunity to participate in African land ventures. For both real estate developers and crypto holders alike, this project unlocks untapped potential that can’t be found anywhere else.
Forging the way forward, a team of property and blockchain aficionad...
|  | UAE Launches 'Financial Infrastructure Transformation' Program; CBDC Amo...
On Feb. 12, 2023, the Central Bank of the United Arab Emirates (CBUAE) announced the launch of a new initiative called the 'Financial Infrastructure Transformation Program,' which has nine key objectives. One of these objectives is the research and development of a central bank digital currency (CBDC) designed to address both cross-border payments and domestic use cases.United Arab Emirates CBDC Initiative to Address Inefficiencies in Cross-Border Payments and Drive Domestic Innovation
The Central Bank of the United Arab Emirates (CBUAE) aims to bolster the region's financial infrastructure with a new program, the 'Financial Infrastructure Transformation Program' (FIT), which includes nine key initiatives. The FIT aligns with the CBUAE's mission to 'enhance monetary and financial stability' through a 'robust financial infrastructure' and the adoption of digital technologies.
The nine initiatives included in the Financial Infrastructure Transformation Program (FIT) include: a domestic card scheme, eKYC, a central bank digital currency (CBDC), open finance, supervisory technology, an innovation hub, an instant payments platform, a financial cloud, and enhancing customer experience. The CBDC is designed for both cross-border payments and domestic use, with the goal of addressing inefficiencies in cross-border payments and promoting innovation in domestic payments. Full integration of the FIT program is planned for 2026.
“The FIT programme embodies the directions and aspira...
|  | Bitcoin, Ethereum Technical Analysis: BTC Rebounds, as Bulls Reject Brea...
Bitcoin was trading in the green on Feb. 7, as prices rebounded following a near collision with a key support point. Bulls have so far rejected this move towards $22,500 and instead pushed prices higher. Ethereum also rallied, with prices continuing to trade above $1,600.Bitcoin
Bitcoin (BTC) rebounded from Monday's lows in today's session, with prices racing back above the $23,000 level.
Following a low of $22,692.03 to start the week, BTC/USD raced to an intraday high of $23,119.28 earlier in the day.
The move comes as bitcoin bulls rejected a move towards a long-term support point at $22,500, and instead bought the dip.
Looking at the chart, today's rebound sees BTC snap a five-day losing streak, which came following a six-month high last Thursday.
Tuesday's reversal also coincided with the 14-day relative strength index (RSI) bouncing from a floor of its own at 60.00.
As of writing, the index is tracking at 62.04, and seems to be on course to collide with a ceiling at 68.00.
Ethereum
Since rejecting a move below $1,600 on Monday, ethereum (ETH) has continued to find stability, with prices edging higher today.
ETH/USD moved to a peak of $1,653.72 to start the day, which comes less than 24 hours after falling to a bottom at $1,611.32.
As a result of this surge, the world's second largest cryptocurrency looks to be heading towards a ceiling at $1,670.
One of the reasons behind this jump has also been the RSI, which failed to move below a floor at 58.00, and is now at a re...
|  | Starkware Plans to Open Source Key Tech Linked to Starknet Prover
At the Starkware Sessions 2023 event, held at the Cameri Theatre in Tel Aviv, Israel, Starkware co-founder Eli Ben-Sasson informed the audience that the company intends to open source 'key tech' linked to the Starknet Prover. During the event, the co-founder of the Ethereum scaling project stated that this marks a 'significant step for scaling Ethereum and cryptography.'Starkware to Open Source Key Component of Ethereum Scaling Project
The Ethereum scaling project, Starkware, has declared that the team intends to open source the component of Starknet known as the Starknet Prover. This component generates cryptographic proofs for compressed groups of transactions. Starkware has already open-sourced the project's software, Papyrus, and the programming language, Cairo 1.0. The announcement of the open sourcing of the Starknet Prover was made at the Starkware Sessions 2023 conference in Tel Aviv, Israel.
At the event, attendees learned about technologies such as storage proofs and the launch of a plug-and-play full-node called Starknode by Kasar Labs. 'This is a landmark moment for scaling Ethereum and, in a broader sense, for cryptography,' said Eli Ben-Sasson, co-founder and president of Starkware. 'We view the Prover as the magic wand of Stark technology. It wondrously generates the proofs that enable unfathomable scaling,' added the Starkware executive.
The Starkware service, Starknet, became operational in Nov. 2021. The project has made numerous advances in 2022, including ...
|  | 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...
|  | Ethereum Price Could Take-off If It Clears This Key Resistance Zone
Ethereum is attempting a fresh increase above the $1,580 resistance against the US Dollar. ETH could gain bullish momentum if it clears the $1,610 resistance zone.
Ethereum is slowly moving higher from the $1,530 support zone. The price is now trading below $1,600 and the 100 hourly simple moving average. There is a key rising channel forming with support at $1,575 on the hourly chart of ETH/USD (data feed via Kraken). The pair could attempt a fresh increase if there is a clear move above the $1,610 resistance. Ethereum Price Faces Resistance
Ethereum price extended its decline below the $1,600 support zone. However, ETH bulls were active near the $1,550 level. A low was formed near $1,530 before the price started a decent increase, similar to bitcoin.
There was a break above the $1,565 and $1,580 levels. The price climbed above the 23.6% Fib retracement level of the downward wave from the $1,660 swing high to $1,530 low. It even spiked above the $1,595 resistance and the 100 hourly simple moving average.
Ether price is now facing a strong resistance near the $1,600 zone and trading below the 100 hourly simple moving average. There is also a key rising channel forming with support at $1,575 on the hourly chart of ETH/USD.
Source: ETHUSD on TradingView.com
An immediate resistance is near the $1,595 level. It is close to the 50% Fib retracement level of the downward wave from the $1,660 swing high to $1,530 low. The next major resistance is near the $1,610 level. An upside br...
|  | Bitcoin, Ethereum Technical Analysis: BTC, ETH Lower, Ahead of Key Week ...
Bitcoin fell below $23,000 on Jan. 31, following a recent move to a five-month high over the weekend. Market volatility has since increased, as traders prepare for a big few days of economic data from the United States. The conference board will release its consumer confidence report later today, with the Federal Reserve holding its policy meeting on Wednesday. Ethereum also moved lower today.Bitcoin
Bitcoin (BTC) retreated from a recent five-month high on Tuesday, with prices falling below the $23,000 mark in today's session.
BTC/USD fell to a low of $22,657.58 earlier in the day, less than 24 hours after hitting a high at $23,296.53.
The move comes as traders appear to have secured gains from recent surges in price, and ahead of the upcoming Federal Reserve policy decision.
As can be seen from the chart, today's drop saw BTC move closer to a price floor at $22,500, with the relative strength index (RSI) hitting a floor of its own.
Currently, the index is now tracking at 68.78, which is marginally above its long-term support point at 68.00.
Although a ceiling of 77.00 could be the target for bulls who rejected an earlier breakout, it is likely that prices could consolidate until the dust settles from this week's fundamentals.
Ethereum
In addition to BTC, ethereum (ETH) was also in the red in today's session, with prices falling further below $1,600.
Following a high of $1,595.86 to start the week, ETH/USD slipped to an intraday bottom of $1,546.66 on Tuesday.
Since hitting...
|  | Ethereum Price Won't Go Down Quietly: Key Supports To Watch
Ethereum started another downside correction below $1,600 against the US Dollar. ETH is trading above $1,550, but it might face resistance near $1,600.
Ethereum is correcting gains from the $1,650 and $1,660 levels. The price is now trading below $1,620 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support at $1,575 on the hourly chart of ETH/USD (data feed via Kraken). The pair could attempt a fresh increase if there is a clear move above the $1,600 resistance. Ethereum Price Starts Correction
Ethereum price made another attempt to clear the $1,660 resistance zone. However, ETH failed to surpass the $1,660 and started a downside correction, similar to bitcoin.
There was a move below the $1,640 and $1,620 support levels. There was also a break below a major bullish trend line with support at $1,575 on the hourly chart of ETH/USD. The pair even spiked below the $1,550 level and traded as low as $1,530.
Ether price is now trading below $1,620 and the 100 hourly simple moving average. There was a minor recovery wave above the $1,550 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $1,659 swing high to $1,530 low.
An immediate resistance is near the $1,580 level. The next major resistance is near the $1,600 level and the 100 hourly simple moving average. It is close to the 50% Fib retracement level of the downward move from the $1,659 swing high to $1,530 low.
Source: ETHUSD on Tradi...
|  | Ethereum Price Hints At Potential Rally But This Resistance Is The Key
Ethereum started another increase above the $1,620 resistance against the US Dollar. ETH is rising and might rally if it clears the $1,665 resistance zone.
Ethereum is slowly moving higher above the $1,600 and $1,620 levels. The price is now trading above $1,620 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,615 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rally if there is a clear move above the $1,665 resistance zone. Ethereum Price Starts Increase
Ethereum price remained well bid above the $1,550 level. ETH formed a base and started a fresh increase above the $1,600 resistance zone. There was a clear move above the $1,620 resistance, similar to bitcoin.
There was a break above a major bearish trend line with resistance near $1,615 on the hourly chart of ETH/USD. The bulls were able to pump the price above the $1,640 resistance. A high is formed near $1,658 and the price is now consolidating gains.
Ether price is now trading above $1,620 and the 100 hourly simple moving average. It is trading near the 23.6% Fib retracement level of the upward move from the $1,557 swing low to $1,658 high.
Source: ETHUSD on TradingView.com
An immediate resistance is near the $1,655 level. The next major resistance is near the $1,665 level. An upside break above the $1,665 resistance zone could start a decent increase. In the stated case, the price may perhaps rise towards the $1,720 resistance. A...
|  | Bitcoin Price Resumes Uptrend as The Bulls Aim The Key $25K Barrier
Bitcoin price started another increase above the $23,000 resistance. BTC is rising and the bulls might aim a test of the $25,000 resistance zone.
Bitcoin is gaining pace above the $23,500 resistance zone. The price is trading above $23,000 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $23,145 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rise further towards $25,000 if it stays above the $23,450 support zone. Bitcoin Price Starts Increase
Bitcoin price remained well bid above the $22,500 support zone. BTC formed a base and started a fresh increase above the $23,000 resistance zone.
The bulls were able to pump the price above the $23,200 resistance and the 100 hourly simple moving average. The price even cleared the $23,500 resistance zone and traded to a new yearly high at $23,950. During the increase, there was a break above a key contracting triangle with resistance near $23,145 on the hourly chart of the BTC/USD pair.
It is now consolidating below the 23.6% Fib retracement level of the recent increase from the $22,900 swing low to $23,950 high. Bitcoin price is also trading above $23,000 and the 100 hourly simple moving average.
Source: BTCUSD on TradingView.com
An immediate resistance is near the $23,800 level. The next major resistance is near the $24,200 zone, above which the price might start a strong increase. In the stated case, the price may perhaps rise towards t...
|  | Bitcoin Price Holds Key Support But The Bulls Seem To Be Losing Steam
Bitcoin price failed to settle above $23,500 and corrected lower. BTC is trading above $22,400, but it is now trading below the 100 hourly SMA.
Bitcoin is slowly moving lower from the $23,500 resistance zone. The price is trading below $23,000 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $23,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it clears the $23,000 resistance zone. Bitcoin Price Faces Resistance
Bitcoin price attempted a fresh increase above the $23,500 resistance zone. However, BTC struggled to gain bullish momentum above the $23,800 level. A new yearly high was formed near $23,829 and the price started a downside correction.
There was a drop below the $23,200 and $23,000 support levels. The price even spiked below $22,500 and traded as low as $22,492. It is now consolidating losses above $22,500.
Bitcoin price is now trading below $23,000 and the 100 hourly simple moving average. There is also a key contracting triangle forming with resistance near $23,000 on the hourly chart of the BTC/USD pair.
It is slowly moving above the 23.6% Fib retracement level of the recent decline from the $23,829 swing high to $22,492 low. An immediate resistance is near the $23,000 level, the 100 hourly simple moving average, and the triangle trend line.
Source: BTCUSD on TradingView.com
The next major resistance is near the $23,150 zone or the 50% Fib retrac...
|  | Solana is Up 6% Daily, Here's the Key Resistance (SOL Price Analysis)
Solana continues to perform despite a decline in the buying volume, booking a 6% increase in the past 24h.
Key Support levels: $20Key Resistance levels: $27
The resistance at $27 is keeping bulls in check. They have been rejected at that level on Saturday. In the process, SOL has formed an ascending triangle, and a major breakout is expected over the coming days. Should bulls fail, then the price can quickly fall to the $20 support.
Chart by TradingView
Trading Volume: The considerable buying volume has allowed Solana to remain on the offensive, but the momentum is fading.
RSI: The daily RSI is just under 80 points and is making lower highs. This is bearish.
MACD: The daily MACD is still bullish but may do a bearish cross at any moment based on the histogram, which is also making lower highs.
Chart by TradingView
Bias
The bias for SOL is neutral at this time.
Short-Term Prediction for SOL Price
There are some clear signs that Solana may not be able to overtake the key resistance at $27. Buyers would really need to step up to achieve that, and the current volume and indicators don't show it.
The post Solana is Up 6% Daily, Here's the Key Resistance (SOL Price Analysis) appeared first on CryptoPotato.
|  | 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. ...
|  | Repeat Of April 2019? Bitcoin Rally Shows Similar Break Above These Key ...
On-chain data shows Bitcoin has broken above these three key levels in a manner reminiscent of the rally in April 2019.
Bitcoin Breakout Shows Initial Similarities To April 2019 Rally
According to data from the on-chain analytics firm Glassnode, BTC has broken above the three investor cost-basis levels for the first time since the COVID-19 crash and the 2018-2019 bear market. The relevant indicator here is the 'realized price,' to understand the concept of the 'realized cap' it needs to be looked at first.
The realized cap is a capitalization model for Bitcoin that assumes that each coin in the circulating supply has its real value as the price at which it was last moved rather than the current BTC price (which the normal market cap uses for its calculation).
Now, from the realized cap, a 'realized price' can be obtained by dividing the metric by the total number of coins in circulation. Since the realized cap accounted for the prices at which investors bought their coins (which is to say, their cost basis), the realized price can be thought of as the average acquisition price in the market.
This means that if the normal price of Bitcoin dips below this indicator, the average holder can be assumed to have entered a state of loss. While this realized price is the average cost basis for the entire market, the metric can also be defined for only specific groups of investors.
The BTC market can be divided into two primary cohorts: short-term holders (STHs) and long-term holders (...
|  | Microsoft Layoffs Reportedly Hit Key VR and Metaverse Teams
The latest round of layoffs at Microsoft, which announced it will cut 10,000 jobs this year, has hit key teams for its VR (virtual reality) and metaverse efforts, according to reports. The company will close two projects in these areas, Altspacevr and the Mixed Reality Tool Kit, potentially affecting the progress of Microsoft in these areas.
Microsoft VR and Metaverse Teams Hit by Layoffs
The latest round of layoffs announced by Microsoft on Jan. 18, has reportedly hit metaverse and VR (virtual reality) initiatives of the company, potentially affecting progress in these areas. Among the 10,000 jobs to be cut this year, representing 5% of Microsoft's global workforce, teams behind initiatives like Altspacevr and the Mixed Reality Tool Kit are being axed as part of this reorganization process.
Altspacevr, which was acquired by Microsoft in 2017, has already announced it will sunset its platform on March 10. The platform, which was aimed at providing services to facilitate the creation of virtual environments for events with the participation of artists, creators, brands, and businesses, will migrate to Mesh, a more work-focused platform that has integration with Microsoft Teams.
The Mixed Reality Tool Kit, an open-source set of tools to build user interfaces for the metaverse will also ostensibly be abandoned, as there are no announcements of new teams dedicated to its development at the time of writing.
Metaverse and VR Slowdown
While the company justified these layoff...
|  | XRP Price Prediction: Key Upside Break Could Trigger Rally To $0.5
Ripple is rising steadily above the $0.380 resistance zone against the US Dollar. XRP price could rise further if it clears the $0.4320 resistance zone.
Ripple is currently rising above the $0.38 resistance zone against the US dollar. The price is now trading above $0.380 and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.3960 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could rally further if there is a clear move above the $0.4320 resistance zone. Ripple Price Starts Steady Increase
After forming a base above $0.32, ripple’s XRP started a steady increase against the US Dollar. The price climbed above the $0.35 resistance zone to move into a positive zone.
The bulls pushed the price above the $0.365 level and the 100 simple moving average (4-hours). The increase was such that xrp price even surged above the $0.40 level. It traded to a new yearly high at $0.4324 and is currently consolidating gains, similar to bitcoin.
The price is now trading above $0.380 and the 100 simple moving average (4-hours). There is also a key bullish trend line forming with support near $0.3960 on the 4-hours chart of the XRP/USD pair. The pair is stable above the 23.6% Fib retracement level of the upward move from the $0.3655 swing low to $0.4324 high.
Source: XRPUSD on TradingView.com
An immediate resistance is near the $0.432 zone. The next key resistance is near the $0.45 level. A successful break a...
|  | Bitcoin Price Faces Key Challenge and At Risk of Downside Correction
Bitcoin price is facing a major hurdle near the $21,500 zone. BTC could correct lower if there is a clear move below the $20,500 support zone.
Bitcoin seems to be facing a major challenge near the $21,450 and $21,500 levels. The price is trading above $20,600 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $21,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a downside correction below the $20,800 and $20,500 support levels. Bitcoin Price Keeps Struggling
Bitcoin price attempted an upside break above the $21,500 resistance zone. However, BTC failed to gain pace above the $21,500 zone. A high was formed near $21,679 and the price is now slowly moving lower.
There was a break below the $21,250 level. The price declined below the 23.6% Fib retracement level of the recent increase from the $20,620 swing low to $21,679 high. There was a break below a major bullish trend line with support near $21,100 on the hourly chart of the BTC/USD pair.
Bitcoin price is now trading above $20,600 and the 100 hourly simple moving average. If there is another upside break attempt, an immediate resistance is near the $21,450 level. The next major resistance is near the $21,500 zone, above which the price might gain bullish momentum.
Source: BTCUSD on TradingView.com
In the stated case, the price may perhaps rise towards the $21,800 level. Any more gains might send btc price towards the $22,000...
|  | This Week In Bitcoin And Crypto: Key Dates To Watch
As the new week begins, the Bitcoin and crypto market is seeing a bounce that could provide new momentum. The Bitcoin price has managed to break above the resistance area of around $17,000 for the first time in three weeks and was trading at $17,226 (+1.6%) as of press time. Ethereum is up 3.6% over the last 24 hours and is trading at $1,309.
However, the euphoria in the Bitcoin and crypto market is hanging by a thread this week, as two events, in particular, could determine how prices develop. On the one hand, things could already become volatile today, as Cameron Winklevoss' deadline for the Digital Currency Group (DCG) expired yesterday. On the other hand, the December CPI data will be released on Thursday, January 12.
Will The DCG Drama Tear Down The Bitcoin Price? NewsBTC reported that the DCG / Grayscale drama took a new turn last week when Gemini wrote an open letter to DCG CEO Barry Silbert. Winklevoss accuses Silbert of using retail funds to engage in 'kamikaze Grayscale NAV trading' from which he personally profited. In that stroke, Winklevoss lumps DCG with Celsius (misuse of customer funds) and BlockFi (same GBTC trade).
Gemini is also demanding its $900 million in Gemini Earn funds back and has given Silbert until yesterday, Sunday, to comply. So far, no information has become public that a deal has been reached.
As Ram Ahluwalia of Lumida Digital Assets Advisors explained on the Unchained podcast, Gemini may file an involuntary Chapter 11 bankruptcy against Gen...
|  | Bitcoin Price Breaks Key Barrier And Aims Fresh Rally To $18K
Bitcoin price gained pace and cleared the $17,000 resistance. BTC is showing positive signs and might rise towards the $18,000 resistance.
Bitcoin started a fresh increase above the $16,800 and $17,000 resistance levels. The price is trading above $16,800 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $16,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rise further towards the next hurdle near the $18,000 resistance. Bitcoin Price Gains Momentum
Bitcoin price formed a support base above the $16,650 level. BTC remained well bid and started a fresh increase above the $16,800 and $17,000 resistance levels.
There was a close above the $17,000 level and the 100 hourly simple moving average. The price traded to a new yearly high at $17,244 and broke a major barrier. It is now consolidating gains above the $17,000 level. It is also trading above the 23.6% Fib retracement level of the upward move from the $16,910 swing low to $17,244 high.
Bitcoin price is now trading above $16,800 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $16,800 on the hourly chart of the BTC/USD pair.
Source: BTCUSD on TradingView.com
On the upside, an immediate resistance is near the $17,250 level. The next major resistance is near the $17,500 zone. A clear move and close above the $17,500 resistance might start another rally in the near term. In the sta...
|  | Bitcoin Price Plays Catch-Up With Altcoins, Why $28,000 Is A Key Level
The Bitcoin price is finally seeing some profits, but it seems weak compared to other crypto assets. The macroeconomic environment is waking up, shaking things across all asset classes.
As of this writing, the Bitcoin price trades at $16,800 with sideways movement in the last 24 hours. In the crypto top 10, BTC is lagging behind Ethereum, Binance Coin, and Cardano. These cryptocurrencies are positively reacting to the start of 2023.
Bitcoin Price Aims For Higher Levels
Per a recent report from the trading desk QCP Capital, institutions are returning to action and allocating capital in Gold and other assets. The precious metal has seen a 15% rally in the past 60 days and keeps trending upwards.
The trading desk believes institutions are allocating into 'alternative assets' or stores of value. The Bitcoin price is yet to benefit from this trend, but the crypto market is recording some profits. In particular, the non-fungible token space.
This sector is coming back to life after months of declining activity. Popular NFT collections experienced 2 to 3x profits in late 2022 and are likely to maintain the trend. QCP Capital noted Bitcoin and Ethereum's price action:
(…) in line with Gold and NFTs, BTC and ETH are playing catch up to some extent at the start of the year. Despite the mini rally, BTC is still trading in an extremely tight falling wedge - with 18k the key breakout level to the topside.
If the Bitcoin price can flip $18,000 and tre...
|  | World Economic Forum Believes Crypto Will Remain Key Technology
The World Economic Forum (WEF) has reviewed what happened in 2022 in crypto, making several predictions about the future of the ecosystem. Dante Disparte, CSO of Circle, in an article published for the WEF, states that while 2022 has been a terrible year, the building blocks of the industry will continue to be 'integral parts' of the modern economic toolkit.
WEF Believes in Crypto's Resilience
The World Economic Forum (WEF) believes that the disastrous year that 2022 represented for the cryptocurrency industry can lead to growth and recovery of the ecosystem. An article written by Dante Disparte, published on WEF's weforum.org, explains that while the recent downfall of FTX and the demise of the Terra blockchain affected millions of consumers in 2022 — with the market losing $2 trillion in that period — this has not changed the core of these technologies, which are currently being tested by financial institutions all over the world.
On this subject, Disparte explains:
While the underlying technology of cryptography and blockchain is generalizable to all industries and coordinating activities (collectively the building blocks of Web3), experimentation at the core of financial services, among other sectors, continues unabated.
Furthermore, Disparte cites JPMorgan as an example of this, being a company that publicly has pivoted from being clearly oppositional to crypto and blockchain, to adopting the tech in several of its experimental products and offering ...
|  | Bitcoin Price Key Indicators Suggest Strengthening Case For Upside Break
Bitcoin price is attempting an upside break above $16,800. BTC could gain bullish momentum if it clears the $16,800 and $17,000 levels.
Bitcoin is still trading in a major range below the $16,800 and $17,000 resistance levels. The price is trading above $16,600 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $16,620 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it settles above the $16,800 resistance. Bitcoin Price Eyes Upside Break
Bitcoin price formed a base above the $16,350 support zone. BTC started a slow increase and was able to clear the $16,650 resistance zone. The price even spiked towards the $16,800 resistance zone.
However, there was no upside break above $16,800. A high was formed near $16,770 and the price started a downside correction. There was a drop below the $16,700 level, but the bulls are active above the $16,600 level.
Bitcoin price is now trading above $16,600 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $16,620 on the hourly chart of the BTC/USD pair. On the upside, an immediate resistance is near the $16,685 level.
The 50% Fib retracement level of the recent decline from the $16,770 swing high to $16,599 low is also near the $16,685 level. The first major resistance is near the $16,700 zone.
Source: BTCUSD on TradingView.com
The 61.8% Fib retracement level of the recent decline...
| | Bitcoin Price Consolidates In Key Range, What Could Trigger Next Move
Bitcoin price is still facing resistance below $17,000. BTC could decline heavily if there is a clear move below the $16,000 support zone.
Bitcoin is still showing bearish signs below the $16,800 and $17,000 resistance 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 $16,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could resume its decline if there is a clear move below the $16,000 support. Bitcoin Price Remains In Downtrend
Bitcoin price spiked below the $16,500 support zone. However, BTC bulls were active above the $16,200 level. The price traded as low as $16,325 and recently started an upside correction.
There was a minor recovery wave above the $16,500 level. The price climbed above the $16,600 level and the 100 hourly simple moving average. However, the bears were active near the $16,680 zone. A high was formed near $16,683 and the price corrected lower.
Bitcoin price declined below 23.6% Fib retracement level of the upward move from the $16,325 low to $16,683 high. It found support near the $16,500 level.
The price is trading above the 50% Fib retracement level of the upward move from the $16,325 low to $16,683 high. It is also above $16,500 and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $16,600 level.
Source: BTCUSD on TradingView.com
The first major resistance is near the $16,680 zon...
|  | Bitcoin Price Could End The Year Further Lower, Key Resistance Intact
Bitcoin price is struggling to clear the $17,000 resistance. BTC remains at a risk of more downsides below the $16,000 support zone before the year end.
Bitcoin is showing bearish signs below the $17,000 and $17,200 resistance levels. The price is trading below $16,700 and the 100 hourly simple moving average. There was a break above a connecting bearish trend line with resistance near $16,610 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could resume its decline if it stays below the $17,000 resistance zone. Bitcoin Price Faces Resistance
Bitcoin price gained pace below the $16,800 support zone. BTC even extended its decline below the $16,700 level and the 100 hourly simple moving average.
The price traded as low as $16,453 and is currently correcting losses. There was a move above the $16,500 and $16,550 levels. The price climbed above the 23.6% Fib retracement level of the recent decline from the $16,960 swing high to $16,453 low.
There was also a break above a connecting bearish trend line with resistance near $16,610 on the hourly chart of the BTC/USD pair. However, bitcoin price is now trading below $16,700 and the 100 hourly simple moving average.
On the upside, an immediate resistance is near the $16,650 level. The first major resistance is near the $16,700 zone and the 100 hourly SMA. It coincides with the 50% Fib retracement level of the recent decline from the $16,960 swing high to $16,453 low.
Source: BTCUSD on TradingView.com
The key...
|  | Dogecoin Breaking Past This Key Barrier Could Spell 10% Spike For DOGE
Dogecoin (DOGE) is one of the meme coins that is often underestimated, primarily because of its extremely high volatility and low utility value.
DOGE has trimmed off 8% of its value
Dogecoin bulls aim to trigger price rally
DOGE among most searched crypto
DOGE has sloughed roughly 8% off the coin’s value in the last week, which plunged from $0.07751 to $0.06932. On the brighter side, bulls could trigger a price rally towards $0.07752.
According to data by Coingecko, DOGE price has nosedived by 0.5% in the last 24 hours, and trading at $0.0706 as of this writing.
DOGE To Breach Below Key Support Level
DOGE is seen to breach below the key support line of $0.07109, which presents a buying opportunity with the discounted price.
The key support line has been retested several times from November to December. However, can key support hold it enough to roll out a price rally?
If this price can attract more buyers, then this could precipitate a price rally.
During the following few trading days, the bulls may also attempt to break past the current barrier located at $0.07749, before they could gain 10%.
DOGE is seen to have intensified further in terms of developmental activity, which also influenced the price increase but has dwindled in terms of investor interest.
Despite DOGE being dubbed an underdog, the coin has outpaced other crypto assets in the market. In terms of price movement, Dogecoin is among the best performing memecoins in the 2022 bear market.
DOGE&rsq...
|  | Ethereum Price Relatively Muted, Bulls Still Aim Key Upside Break
Ethereum is consolidating below the $1,230 resistance against the US Dollar. ETH could start a steady increase if it clears the $1,230 and $1,250 resistance levels.
Ethereum is slowly moving higher from the $1,190 support zone. The price is now trading above $1,210 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $1,215 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a clear move above $1,230 and $1,250. Ethereum Price Eyes Upside Break
Ethereum price remained well bid above the $1,180 and $1,190 levels. ETH formed a base above the $1,190 level and started an upward move.
There was a clear move above the $1,200 resistance zone and the 100 hourly simple moving average. Ether price climbed above the 50% Fib retracement level of the downward move from the $1,237 swing high to $1,193 swing low.
Besides, there was a break above a key bearish trend line with resistance near $1,215 on the hourly chart of ETH/USD. The pair is now consolidating near the 61.8% Fib retracement level of the downward move from the $1,237 swing high to $1,193 swing low.
An immediate resistance is near the $1,230 level. The next major resistance is near the $1,250 level. A clear upside break above the $1,250 resistance could start a steady increase. In the stated case, the price may perhaps rise towards the $1,300 resistance.
Source: ETHUSD on TradingView.com
The next major resistance cou...
|  | Is the Crypto Bear Market Coming to an End? 3 Key Indicators to Look
Valuations in the cryptocurrency market have dropped significantly from their all-time highs, with the total market capitalization losing around $2.2 trillion - a decline of around 73%.
Many altcoins, including some from the large caps, have lost over 90% of their value since their all-time highs, and industry participants are scrambling to time the bottom.
In light of the above, crypto analytics resource Nansen released a report that identifies systematic patterns in crypto derivative markets and traditional spot markets, analyzing what they mean for the current market environment. In short, they are attempting to answer the question if the crypto bear market is coming to an end.
Nansen outlines three key takeaways.
The US Dollar
As of the time of writing these lines, the USD has started to lose strength against other major currencies such as the JPY and the CNY.
Nansen argues that one of the drivers for this could be the pricing of the peak Fed interest rates by future bond markets.
Bond futures currently forecast that the Fed policy rate will peak at ~4.84% in May 2023 and will be cut by 40bps+ in H2 2023. Admittedly, US CPI releases have surprised to the downside for the second month in a row, which can account for part of the pricing out of rate hikes. - Reads the report.
Nevertheless, rate cuts can take place if there's a serious weakness on behalf of the US on a macro level, with their real growth slowing down considerably. The chairman of the Federal Reserve - Jerome ...
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