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| NEAR Protocol 
| #NEAR
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| NEAR Price: | $1.51 | | Volume: | $84.1 M | | All Time High: | $20.47 | | Market Cap: | $1.4 B |
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| Circulating Supply: | 913,669,037 |
| Exchanges: | 66
| | Total Supply: | 1,000,000,000 |
| Markets: | 140
| | Max Supply: | 1,000,000,000 |
| Pairs: | 56
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The price of #NEAR today is $1.51 USD.
The lowest NEAR price for this period was $0, the highest was $1.51, and the exact current price of one NEAR crypto coin is $1.51425.
The all-time high NEAR coin price was $20.47.
Use our custom price calculator to see the hypothetical price of NEAR with market cap of BTC or other crypto coins. |
The code for NEAR Protocol is #NEAR.
NEAR Protocol is 2.6 years old. |
The current market capitalization for NEAR Protocol is $1,383,526,672.
NEAR Protocol is ranked #35 out of all coins, by market cap (and other factors). |
There is a large daily trading volume on #NEAR.
Today's 24-hour trading volume across all exchanges for NEAR Protocol is $84,051,320. |
| The circulating supply of NEAR is 913,669,037 coins, which is 91% of the maximum coin supply. |
NEAR is well integrated with many pairings with other cryptocurrencies and is listed on at least 66 crypto exchanges.
View #NEAR trading pairs and crypto exchanges that currently support #NEAR purchase. |
Near Ecosystem’s Key Infrastructure Octopus Network’s Founder Louis Liu Unveils Octopus 2.0
On April 14th, Octopus Network, a Near-based multi-chain network that provides shared security, interoperability & community for Web3 startups, unveils its core plan on Octopus 2.0. Its founder Louis , who was invited by Near as one of the keynote speakers at the HK Web3 Festival, shared details on Octopus 2.0 that include “$NEAR Restaking” and “Adaptive IBC”. Octopus 2.0 has showcased the further innovation of the Octopus team and will continue to leverage shared security with $Near, to build adaptive IBC bridges for multi-chain interoperability, as well as to support Cosmos SDK. For more details, below is the transcript from Louis’ speech: NEAR has a comprehensive infrastructure to embrace as many Web3 developers as possible. The core is NEAR sharding blockchain with unprecedented scalability and usability, being around by Aurora for EVM execution, Calimero for enterprise use cases, Pagoda for startup facilities, and Machina for decentralized storage. The recently introduced Blockchain Operating System(BOS) unifies the Web3 user experience and provides developer tools to build. Octopus Network is an essential part of NEAR infrastructure, which was designed to serve application-specific blockchains, aka appchains. The Octopus Network provides shared security, interoperability, critical utilities, and community support to appchains. After two years of improving the current architecture of Octopus, the time h... 
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Rove World v2 Simplifies Web3 Ticketing and Loyalty for Brands
Rove, one of the most user-friendly entertainment ecosystems in Web3, is now in collaboration with NEAR. Their next release, Rove World v2, will act as a one-stop mobile-based ticketing solution and loyalty rewards program for brands. The update will also feature an in-app store that will include major brands, sports leagues, and musical artists. Rove and Rove World v2 removes many of the key friction points that occur when brands and creators try to engage their audience with Web3 technology. Notable brands are already on board, as Rove has collaborated with the likes of Tommy Hilfiger on the Web2 side, alongside some of Web3’s largest brands such as Claynosaurz and MonkeDAO, with more exciting partnerships and activations to be announced soon. “A multichain approach was always at the forefront of our long-term growth strategy for Rove,” said Jason Desimone, Founder of Rove. “Having built and launched the initial version of the Rove World mobile app, our goal is to now expand the reach and traction of Rove to other ‘Layer 1’ blockchain communities and ecosystems that align with our vision and will help us achieve our goals with the launch of Rove v2.” Let’s take a look at how Rove World V2 is a game-changer for branded NFTs on NEAR. — How Rove is helping brands amp up their NFTs - The Rove ecosystem is a solution to many of the core issues facing brand and entertainment NFT campaigns, launches, and p...
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NEAR Balkans’ Tekuno and Mastercard Team Up for Gamified NFT Experience
NEAR Foundation is thrilled to announce that Tekuno, one of the most innovative NEAR Balkans Hub projects, recently teamed up with Mastercard to serve up an incredibly unique real-life NFT experience. Attendees at the recent Money Motion (MoMo) Fintech conference in Zagreb, Croatia got a taste of how Web3 and NEAR can help brands reach new audiences with blockchain gamification. Mastercard, a leader in global payment systems, enabled the Tekuno team and NEAR Balkans to realize this ground-breaking experience with NFTs. The NFT activation provided MoMo visitors with a gamified experience through which they could gather evidence of their participation at the conference and various NFTs — a concept called Proof of Doings (PODs). These PODs had time and space restrictions, so participants could only pick them up during a particular period of the conference. PODs demonstrated a novel use case of how NFTs can be used to gamify real life, while strengthening Mastercard’s brand as forward-thinking in the loyalty and payments space. — Behind the Tekuno and Mastercard partnership - The city of Zagreb, Croatia, recently hosted the first edition of an exclusive FinTech conference called Money Motion. With Mastercard as one of the conference organizers and NEAR Balkans as a sponsor, this presented the perfect opportunity for collaboration. Before the conference, NEAR Balkans Hub’s Product Lab was ready to launch Tekuno, a...
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NEAR Powers Voting for the Djooky Music Awards
The world of music and the blockchain is about to get a lot more exciting and promising thanks to Djooky and NEAR. The ongoing Djooky Music Awards (DMA) for undiscovered artists will feature on-chain voting mechanisms powered by NEAR, allowing artists to vie for funding and recognition, while voters compete for cash prizes. For upcoming independent artists, Djooky serves as a streaming and discovery tool that links them to fans and industry insiders. Artists can also use the platform’s virtual marketplace, DjookyX, to receive funding by fractionalizing rights to future song royalties. Bringing DMA voting to NEAR will bring further engagement and innovation between musicians and fans. That means voting for DMA finals will be completely on-chain using Near, with weekly prizes being distributed in the form of Near tokens. Artists simply need to create a Near wallet to claim their prizes. In addition, any users trying to predict the next big hit with HitHunder will need a Near wallet to receive token rewards if their song strikes gold. — How the DMAs empower both artists and fans - The DMAs were introduced in 2020 by Djooky co-founders Andrey Dakhovskyy and Brian Malouf as a way to help fans discover new artists and aid musicians in gaining visibility. The competition runs year-round, resetting every quarter with new awards and prizes. The DMAs run tournament style, with artists competing brack-style on the national, c...
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NEAR at Consensus: Get Started on the Blockchain Operating System
NEAR Foundation is excited to announce that NEAR is heading to the 2023 edition of Coindesk’s Consensus from April 26–28. NEAR has a massive base at this year’s Consensus, from which we will introduce devs and end users to the Blockchain Operating System. The Blockchain Operating System is an industry-first category, functioning as a common layer for browsing and discovering open web experiences with any blockchain. Here is what to expect from NEAR at Consensus 2023. — The Blockchain Operating System at Consensus - If you saw NEAR’s big announcement out of ETHDenver, NEAR isn’t just a Layer 1 blockchain. It’s a Blockchain Operating System for the Open Web — your easy entry point into Web3. With the BOS, NEAR has built an industry first, with decentralized frontends and forkable components for developers. For end users, the BOS makes app discovery easy and social. All designed to bring billions of people into Web3, on any blockchain. The BOS and much more will be on display at Consensus! — The NEAR booth at Consensus - Consensus is the world’s largest and longest-running crypto gathering, bringing together devs, VCs, founders, policymakers and many others in the Web3, blockchain, and cryptocurrency communities. NEAR will be at Consensus for three days of talks, panels, demos, parties, and more. The NEAR booth at Consensus will be souped-up and multi-faceted, delivering the latest tech and ecos...
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NEAR Foundation Backs Hydra Ventures to Create Web3’s First ‘Fund of Funds’ Investment DAO
NEAR Foundation is excited to announce that it has joined Hydra Ventures, a “fund of funds” investment DAO. A first in the Web3 space, Hydra Ventures is designed to help other investment DAOs get off the ground. By partnering with NEAR Foundation, Hydra Ventures will open the doors to the eventual launch of the first investment DAO in the Near ecosystem. “The combined expertise of the leaders that have created this fund offers a winning formula that will help provide critical funding to purpose-driven, socially impactful web3 startups,” said Marieke Flament, CEO of NEAR Foundation. “We are delighted to be playing a part in launching this DAO and look forward to seeing the role it will play in developing our ecosystem.” — Decentralizing Web3 investment with DAOs - To power the “fund of funds” investment DAO, Hydra Ventures has raised $10M in capital from NEAR Foundation, MetaCartel Ventures, ConsenSys, 1kx Ventures, Collab + Currency, Nonagon Ventures, CMT Digital, among others. Hydra Ventures aims to take a hands-on approach to support investment DAOs, from community coordination and investment practices to organizational design, incentive design, and back office/operations. “While the first legally wrapped investment DAOs showed us what was possible, many of them have had major operating flaws which have been exposed over the years,” said Peter Pan, co-summoner of MetaCartel and Partner at 1kx Vent...
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NEAR in Hong Kong: Create without Limits
NEAR is making a debut in Hong Kong as a Platinum Sponsor for the Hong Kong Web3 Festival, which will be held at the Hong Kong Convention and Exhibition Centre on April 12–15, 2023. This four-day event, hosted on five center stages across an area of about 9,000㎡, will see over 10,000 attendees, 300 distinguished industry speakers, about 100 Web3 projects, community partners and media partners around the world congregate to network, share, and learn through high-level content and panel discussions. Web3 Festival will bring together the world’s brightest minds, top Web3 projects and leading venture capital firms presenting content-rich discussions and topics centered around Web3. Hong Kong regulatory representatives will also dive into and interpret the latest digital asset regulation policies. Top industry leaders such as CZ of Binance, Illia of NEAR Protocol, Juan of Filecoin, Dr. Xiao Feng of Wanxiang and Yat Siu of Animoca Brands are all expected to speak at the Festival. Join us on April 14th 9:30am to 12:30pm (GMT+8) at NEAR in HK Meetup — a half-day mini summit with a full schedule of keynote speeches and panels to explore topics on NEAR as a BOS, Web3 social, NFTs, DeFi and more. The summit is hosted as one of the official side stages as part of the Web3 Festival at the Convention Centre. A number of remarkable NEAR speakers will join us in Hong Kong and share their insights around NEAR’s ecosystem developm...
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Near and Popp Partner on Customer Engagement for Small Businesses
Near Foundation is excited to announce a new partnership with Popp, a company helping small businesses generate better customer engagement using Web3 technology. As part of the partnership, Popp — a solution-as-a-service (SaaS) for small-to-medium consumer brands — will launch its white-labeled tools and products exclusively on Near. — How Popp works for small businesses - Popp helps consumer brands launch micro community spaces for customers, which are embedded in their online stores. Milestone-based customer rewards then drive more engagement for brands. The Near partnership will, for instance, allow Popp’s customers to issue NFTs when certain milestones are met. On Popp, brands can build deeper, more meaningful connections with customers by rewarding them across multiple touch points. Through these bespoke projects, Popp has already generated over £57k in revenue ($69k USD) in six months via six pilot partners. Popp has two interfaces. On the business side, each brand gets its own custom dashboard, where they control its loyalty and rewards program and see customer data. On the customer side, users can see all of the user activity in one place, like new members and the number of “Popps” that are live or completed. Customers can also create and interact with content — the more they interact with the community, the more coins they can earn. Popp’s customer brands include Batch LDN, perl Cos...
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Near and WEMADE Team Up to Accelerate Mainstream Web3 Adoption
The Near Foundation is excited to announce that it’s partnering with WEMADE, one of the largest publicly-listed gaming companies in South Korea. A leading game developer in South Korea for over 20 years, WEMADE will be vital in Near’s push toward mainstream adoption of Web3. Near and WEMADE will support the development of blockchain apps in Korea as well as other markets. Near and WEMADE will also jointly work on mutual brand awareness, and collaborate on a number of Web3 community events and business opportunities. “WEMADE and Near share a similar vision of enabling and accelerating the mainstream adoption of blockchain to create a future of nearly limitless potential use cases and benefits for all of us across many different areas of our daily lives,” said Shane Kim, CEO, WEMIX and Vice President, WEMADE. “In order to achieve that vision, we must make it easier, faster, and more cost-effective for developers to onboard off-chain apps, organizations, and startups, and are confident that Near is ideally positioned to do so.” — Onboarding end users and developers into Web3 - The partnership will do much to encourage developers, including game designers, to build on the Near. Beyond co-hosting community events like offline hackathons and boot camps, Near and WEMADE will work together on mutual brand awareness, invest in research and collaboration on cross-chain initiatives, and be on the lookout for potentia...
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NEAR Digital Collective Legal Framework
To help accelerate real-world value creation in the NEAR ecosystem, the NEAR community has launched the NEAR Community Purpose Trust (for ease referred to in the remainder of this post as the ‘NEAR Community Treasury’). The NEAR Community Treasury is intended to serve as a decentralised treasury for the NEAR ecosystem that will allocate funds to support various grassroots initiatives. The launch of the NEAR Community Treasury has been championed by the Governance Working Group (‘GWG’), a group focussing on ecosystem governance initiatives as part of the NEAR Digital Collective (‘NDC’). The NDC is an ambitious grassroots initiative that brings together users, projects, stakeholders and partners of the NEAR ecosystem to promote self-governance, aiming to empower the ecosystem to collectively make decisions on everything from funding to elected representatives and more. It is a significant step towards an even further decentralised network. The NEAR Community Treasury leverages an innovative legal framework that builds on work that has already been done utilising Guernsey Special Purpose Trust frameworks elsewhere in the industry. The NEAR community hopes that this framework should help to bring much-needed clarity to participants in decentralised autonomous organisations (‘DAOs’). Below for discussion purposes only is a high-level summary of some of the key features of the NEAR Community Treasury framework. &mdas...
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 | Biggest Movers: XRP Remains Near Multi-Month High on Monday
XRP remained near a multi-month high to start the week, despite cryptocurrency markets mostly tracking lower. The global market cap has fallen by 1.58% as of writing, due to today's red wave. Litecoin was a notable token to fall, dropping by nearly 5%.XRP
XRP, formerly ripple, remained near a multi-month high on Monday, despite today's bearish sentiment.
XRP/USD rose to a peak of $0.5447 to start the week, which is marginally lower than Sunday's high at $0.5466.
As a result of this, ripple remains close to its highest level since March 30, which saw markets peak at $0.5575.
Overall, the drop off from Sunday comes as traders opt to secure gains, which coincides with the relative strength index (RSI) dropping out of a support point.
Price strength fell below the floor at 69.00 earlier in the day, and is currently tracking at 67.75.
Should momentum continue in this direction, XRP bears will likely target a floor at $0.5090.
Litecoin (LTC)
On the other hand, litecoin (LTC) was one of Monday's biggest losers, as prices fell by as much as 5%.
Following a high of $96.36 on Sunday, LTC/USD sank to an intraday bottom at the $91.79 level.
This drop sees litecoin fall for a second consecutive session, after a false breakout of a ceiling at $96.00
Looking at the chart, prices were relatively overbought, with the RSI hovering close to a ceiling at 62.00, prior to the decline.
Previous LTC bulls likely shifted their positions due to the proximity with the aforementioned resistance point...
|  | Biggest Movers: SHIB, DOGE Near Multi-Month Lows, as Musk Finds New Twit...
Shiba inu moved close to a five-month low on Friday, as meme coins reacted to news that Elon Musk has found a new Twitter CEO. Musk tweeted, “Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks.” Dogecoin neared a two-month low today.Shiba Inu (SHIB)
Shiba inu (SHIB) neared a five-month low on Friday, as markets reacted to the news that Elon Musk will be stepping down as CEO.
Musk, who acquired the social media company last year, has been at the helm since the takeover, but has now found a long-term replacement.
Following a high of $0.000008746 on Thursday, SHIB/USD dropped to a bottom of $0.000008549 earlier in the day.
As a result of this sell-off, shiba inu moved close to Monday’s low at $0.00000835, which was the weakest point the meme coin has hit since January.
Looking at the chart, this latest move occurred as the relative strength index (RSI) moved deep into oversold territory, with a current reading at 23.02.
This does give hope to longer-term bulls however, that a reversal could be on the cards.
Dogecoin (DOGE)
Dogecoin (DOGE) also moved lower in today’s session, as the meme coin neared a multi-month low of its own.
DOGE/USD fell to an intraday low of $0.06957 earlier on Friday, hours after trading at a peak of $0.07268.
Similar to SHIB, today’s decline almost led to dogecoin recapturing a low of $0.0692, which was its weakest level since March.
DOGE has since bounced back from this ear...
|  | Bitcoin, Ethereum Technical Analysis: BTC Hovers Near Key Price Floor, A...
Bitcoin was hovering close to a key price floor near $27,300 on Wednesday, as markets anticipated the upcoming U.S. inflation report. Consumer prices for last month are expected to remain at 5%, which could be seen as justifying the Federal Reserve's decision to hike rates last week. Ethereum remained above $1,800. Bitcoin
Bitcoin (BTC) continued to consolidate on Wednesday, as markets awaited the latest inflation report from the United States.
Following a high of $27,824.39 on Tuesday, BTC/USD dropped to an intraday low of $27,375.60 earlier in today's session.
Today's move pushed bitcoin close to a key support point at $27,300, however prices have since rebounded.
Bitcoin chart by TradingView
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Overall, it appears that the previous drop took place following a breakout on the relative strength index (RSI).
Price strength moved below a floor at 43.00, with the index tracking at 42.63 at the time of writing.
Bitcoin is now trading at $27,607.96.
Ethereum
Ethereum also hovered close to a support point of its own in today's session, as overall market sentiment remained uncertain.
ETH/USD hit a bottom of $1,835.70 on Wednesday, which comes a few days removed from price trading above $2,000.
Over...
|  | Ron Paul States Federal Reserve's 'Decade of Near 0% Rates' Caused Today...
Former House Representative Ron Paul has presented his stance when it comes to the financial crisis that the U.S. is currently facing. Paul stated that the continued application of quantitative easing (QE), a policy used to increase the money supply, and the decades of almost null interest rates, are what nurtured the current financial crisis the U.S. is facing.
Ron Paul Believes Federal Reserve's Policies Created Today's US Financial Crisis
Ron Paul, former representative and presidential candidate, has recently talked about the financial crisis the U.S. is facing. According to him, the policies that the Federal Reserve applied to maintain a welfare state at the cost of creating deficits have created today's financial hardships for the country.
Paul stated:
Today's financial hardships stem from the Fed's decade of near 0% rates and quantitative easing (QE). These created a decade's worth of uneconomic investments. Every bad idea imaginable received funding.
Paul criticized loose monetary policies he says allowed bad debt to be created with credit going to non-profitable investments, and this situation is now becoming unsustainable to the tightening of economic conditions. Paul explained that 'as much as a 'hangover' after the consumption of too much alcohol is painful, so is it painful when a fake prosperity crashes with economic reality.'
'The Fed Is Unconstitutional' but Part of the Solution
Paul, a longtime critic of the validity of the existence of the U.S. ...
|  | Bitcoin's Next Target Stands Near $36,000: Matrixport Data
According to data from the crypto financial service platform Matrixport, the narrowing wedge that has been in formation for the past three weeks is about to break to the upside. Such a trend could project a move higher by an equal amount to the range at which the triangle started to form.
A breakout could lead to a 6,100-point move higher in the price of Bitcoin, which establishes a target of $35,000-$36,000. Such an uptrend would represent nearly 20% gains from the current price.
Matrixport's research highlighted the Fed raising interest rates by another 25bps, which is believed to be the last hike for this cycle. This could potentially set up the crypto market for another strong rally.
Simultaneously, the banking sector has been hit by a number of failures that require liquidity injections and government guarantees for any acquiring party. Many experts believe Bitcoin could prosper amid the ongoing banking crisis in the United States.
Moreover, in the recent earnings season for companies in the country, stock buybacks appeared to be resuming. In fact, the buybacks are expected to hit $1 trillion this year. This trend could prove beneficial for not just stocks but also risk assets such as crypto.
Despite reclaiming $29k, Bitcoin's trading volume has been on a decline. However, the report also noted that 'the path higher sees only limited resistance.'
Another important factor that suggests an uptrend is the transactions on the Bitcoin network that reached a record high. The ...
|  | Biggest Movers: DOGE Sellers Scupper Rebound, as LTC Remains Near 3-Week...
Dogecoin rebounded from Wednesday's drop, with the meme coin briefly climbing back above $0.090 in today's session. However as the day progressed, bearish sentiment heightened, with price declining. Litecoin was also down today, and continues to trade near a multi-week low.Dogecoin (DOGE)
Dogecoin (DOGE) was volatile on Thursday, as prices moved back into the red, after an earlier rebound.
DOGE/USD fell to an intraday low of $0.08685 in today's session, following an earlier high of $0.09297.
The meme coin has been volatile in recent sessions, after a week-long bull run was snapped on Wednesday.
Looking at the chart, today's candlestick has printed a large doji, with dogecoin now trading close to its open price.
In addition to this, the relative strength index (RSI) has found a floor at the 53.00 mark, which has helped maintain the uncertainty.
Should this floor give way, there is a good chance that DOGE will move towards a support point at $0.08000.
Litecoin (LTC)
Litecoin (LTC) traded near a three-week low in today's session, as the token moved below $100.00.
Following a high of $101.95 on Wednesday, LTC/USD plunged to a low of $89.38 earlier today.
This is the lowest level that litecoin has hit since March 31, with bears now potentially targeting a long-term floor at $86.00.
As a result of today's decline, the RSI has fallen to a point of support of its own at the 45.00 mark.
If price strength were to fall below this point, it is likely that LTC could head closer to $80....
|  | Biggest Movers: XMR Nears 6-Week High, as LINK Falls Near a Resista...
Monero climbed for a third consecutive session on Thursday, as the token moved marginally closer to a six-week high. This rise in price comes despite the fact that the global market cap mostly consolidated, and is trading just 0.50% higher as of writing. As for LINK, chainlink bulls have so far failed to break out of a key resistance point.Monero (XMR)
Monero (XMR) was one of Thursday's notable gainers, with prices climbing for a third consecutive session.
XMR/USD rose to a high of $163.19 earlier in today's session, which comes a day after the token fell to a low of $155.83.
As a result of the move, XMR moved towards last Sunday's high at $166.07, which was its strongest point since February 20.
Looking at the chart, today's move came as monero surged above a recent resistance level at $160.00.
Overall, the surge came as the 14-day relative strength index (RSI) collided with its own ceiling at the 55.00 mark.
At the time of writing, the index is tracking at 54.86, which is its highest reading this week.
Chainlink (LINK)
On the other hand, chainlink (LINK) was mostly lower on Thursday, as the token failed to move above a key price point.
LINK/USD slipped to a low at $7.25 in today's session - this comes after prices hit an earlier peak of $7.53.
Today's high saw chainlink move towards its ceiling at $7.55, however bulls were unable to secure a breakout.
From the chart, it appears that the failure to move beyond $7.55 coincided with the RSI falling at a resistance of its ow...
|  | Bitcoin, Ethereum Technical Analysis: BTC Consolidates Near $28,000, as ...
Bitcoin started the week trading around the $28,000 mark, as markets reacted to the news that Silicon Valley Bank was to be acquired. First Citizen Bank agreed to buy approximately $72 billion in SVB assets, at a discounted rate of $16.5 billion. Ethereum continued to trade under $1,800 on Monday.Bitcoin
Bitcoin (BTC) started the week trading marginally higher, with prices hovering near the $28,000 level.
Following a bottom at $27,678.15 on Sunday, BTC/USD moved to a high of $28,178.14 earlier in today's session.
The move saw bitcoin edge towards a recent resistance point at the $28,300 mark, which was last hit on Friday.
Bitcoin chart by TradingView
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Overall, BTC has mostly consolidated on Monday, which comes as the 14-day relative strength index (RSI) collided with a ceiling at the 65.00 zone.
As of writing, the index is tracking at the 64.51 level, with the next visible point of support at the 62.00 mark.
Should bulls take price strength below this point, there is a strong possibility that BTC could move below $27,000.
Ethereum
Ethereum (ETH) largely consolidated on Monday, as prices moved away from a key price floor in today's session.
ETH/USD jumped to a peak of $1,797.88 earlier in th...
|  | Biggest Movers: ETC Remains Near 2-Month Low, LTC Down by 4% on Monday
Ethereum classic remained near a two-month low on March 6, as a cloud of uncertainty continued to hover over markets. The global crypto market cap remained bearish to start the week, and is down 0.55% at the time of writing. Litecoin also moved lower on Monday.Ethereum Classic (ETC)
Ethereum classic (ETC) started the week trading close to a two-month low, as volatility in crypto markets remained high.
ETC/USD slipped to an intraday low of $19.26 on Monday, a day after trading at a peak of $20.05.
The move has pushed ethereum classic towards Friday's bottom at $18.89, which was its weakest point since January 6.
Overall, today's drop has seen ETC fall for a fifth consecutive session, down by over 8% in that period.
Prices are marginally higher than earlier lows, which comes as the 14-day relative strength index (RSI) collided with a floor at 36.00
At the time of writing, the index is tracking at 36.19, with the next visible floor at the 30.00 mark, in the event of a breakout.
Litecoin (LTC)
In addition to ethereum classic, litecoin (LTC) was another notable mover, as the token fell by as much as 4%.
Following a high of $91.27 on Sunday, LTC/USD dropped to a bottom at $87.15 during Monday's session.
As a result of this move, litecoin moved closer to a floor at $86.00, which was last hit on Friday, and also a six-week low.
Recent declines in LTC have come following a downward crossover of the 10-day (red), and 25-day (blue) moving averages.
In addition to this, the RSI is now...
|  | Locals on Edge About the Construction of a Crypto Miner Near McLouth, Ka...
Most residents of McLouth, Kansas, reportedly criticized the potential construction of a cryptocurrency data center about a mile and a half north of the town.
Their main concerns are that the facility will harm the local environment and be very loud.
Not a Warm Welcome
According to recent coverage, many residents of the small town of McLouth have frowned upon the possible construction of a cryptocurrency data processing center on top of a nearby natural gas field. Paul Nissen - a local of the town - explained more about the location:
'What I have heard is that this is coming to our area, about a mile and a half north of where we're at right now. They're going to be providing their own generators to power it. The generators are going to be powered by natural gas that they're going to be sucking out of the natural gas storage field.'
He also warned that the facility could be quite noisy and burn the energy reserves of the region, causing pollution.
On the other hand, Roger Dahlby - an engineer working alongside Crypto Colo Center to build the data center - assured it will be a source of renewable energy. He further believes the firm will provide job opportunities for the town, which has a population of fewer than 900 people.
Despite those benefits, the majority remain against the idea. Edith Williams - another McLouth resident - said she recently settled in the area and loved it the way it is. She vowed to do everything within her power to keep the crypto...
|  | Bitcoin Continues to Record Blocks Above the 3.75 MB Range as Ordinal In...
As Ordinal inscriptions approach the 150,000 mark, blocks larger than 3 MB have become commonplace, with many blocks near the 4 MB range. Meanwhile, after the average transaction fee on-chain rose 122% higher at the beginning of February 2023, the average fee has remained the same over the last few weeks and is currently coasting along at $1.77 per transfer.Ordinal Inscriptions Close in on Reaching 150K Milestone
On Feb. 19, 2023, the number of Ordinal inscriptions is approaching 150,000 after a significant increase in demand since the end of January. A week ago, Bitcoin.com News reported that blocks larger than 3 MB are now commonplace and are being mined regularly. This has increased the average block size, which is calculated by adding up the total of all block sizes mined in a day and dividing the total by 144, which is the average number of blocks mined daily. Statistics from ycharts.com show that the average block size reached a high of 2.525 MB on Feb. 12, 2023.
The average block size has decreased and was 2.114 MB on Feb. 18, 2023. Along with the blocks larger than 3 MB, there are also an increasing number of blocks near the 4 MB range being mined. According to statistics from blockchair.com, a long list of blocks that are 3.75 MB or larger has been mined. For example, block heights #774,628, #777,302, #776,310, #777,320, and #777,303 are all 3.93 MB or larger. All of the blocks larger than 3.75 MB have been mined in February.
Average onchain fees for Bitcoin have r...
|  | Biggest Movers: DOT Remains Near Multi-Month High, as LINK Hits 9-Day Hi...
Polkadot remained close to its highest level since September, as bullish sentiment rose to start the weekend. Following a move above $7.00 on Friday, momentum was high during Saturday’s session. Chainlink was also higher, with prices tracking at a nine-day high.Polkadot (DOT)
Polkadot (DOT) remained close to a multi-month high on Saturday, following a breakout above a $7.15 resistance level.
DOT/USD surged to an intraday high of $7.39 to start the weekend, following a low of $6.71 the day prior.
Following Friday’s low, the token rose significantly higher as the day progressed, climbing to a six-month peak of $7.42.
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As a result of this move, the 10-day (red) moving average is now nearing an upwards cross with its 25-day (blue) counterpart.
This comes less than a week after a downward cross, however, momentum seems to have already shifted.
Should bulls maintain this trajectory, it is likely that $8.00 will be the short-term target.
Chainlink (LINK)
Chainlink (LINK) also moved higher to start the weekend, with prices climbing to a nine-day high.
Following a low of $7.26 on Friday, LINK/USD raced to a peak of $7.71 earlier in today’s session.
The move ...
|  | BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer ...
Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in circulation to 15.87 billion.Stablecoin BUSD Sees Increased Redemption Activity During Regulatory Scrutiny
The stablecoin BUSD is experiencing increased activity on Monday as the third largest stablecoin by market capitalization has seen 286,720,127 BUSD redeemed in approximately eight hours. The increased activity began the previous day, when reports claimed the U.S. Securities and Exchange Commission (SEC) had sent Paxos a Wells Notice regarding potential charges. Earlier reports also claimed the New York Department of Financial Services (NYDFS) was investigating Paxos.
The following day, Paxos published a press release stating that it was cooperating with the New York Department of Financial Services (NYDFS) and would cease minting BUSD. The company added that 'existing BUSD tokens will remain fully-backed and redeemable through Paxos Trust Company three ough at least February 2024.' Alongside the Paxos press release, the New York regulator issued a Consumer Notice regarding the Paxos-issued binance usd (BUSD) stablecoin.
Redemptions have begun, with nearly $290 million redeemed on Monday, following billions redeemed in recent months. Three months ago, BUSD's market capitalization was approximately $23.24 billion and more than 30% of it...
|  | Biggest Movers: SHIB Remains Near Recent Highs as Crypto Markets Fall on...
Shiba inu has been relatively stable to start the week, as prices remained close to recent highs, despite Monday's market sell-off. Cryptocurrencies were mostly lower in today’s session, as markets continued to react to historically low U.S. unemployment figures. Avalanche was down in today’s session, nearing a one-week low.Shiba Inu (SHIB)
Monday saw shiba inu (SHIB) continue to trade relatively close to recent highs, despite crypto markets mostly declining.
SHIB/USD hit a high of $0.0000148 earlier today, which comes following a bottom at the $0.0000141 mark on Sunday.
The meme coin had risen to a four-month peak of $0.0000159 on Saturday, however has since declined as traders moved to secure profits.
Looking at the chart, the declines commenced as the relative strength index (RSI) failed to break out of a ceiling at the 80.00 level.
As of writing, the index is now tracking at 77.02, which comes as bulls rejected a breakout of a floor at 75.00.
SHIB bulls will likely attempt to recapture last week’s high in the coming days, however will need to move past the 80.00 mark first.
Avalanche (AVAX)
Avalanche (AVAX), on the other hand, was mostly in the red to start the week, as prices moved close to a seven-day low.
Following a high of $20.43 on Sunday, AVAX/USD dropped to an intraday low of $19.74 earlier in the day.
The move sees AVAX fall for a third consecutive session, and comes following a failed breakout of its $22.00 resistance last Friday.
This mini-...
|  | Bitcoin, Ethereum Technical Analysis: ETH Remains Near $1,700 to Start t...
Ethereum continued to trade close to a key resistance level of $1,700 on Saturday, following Friday's U.S. non-farm payrolls (NFP) report. Yesterday's report showed that 517,000 jobs were added to the U.S. economy in January, better than the 185,000 many were expecting. Bitcoin mostly consolidated however, as traders moved to take recent profits.Bitcoin
Bitcoin (BTC) moved lower to start the weekend, as traders continued to secure gains following a recent climb to a six-month high.
Following a high of $23,678.10 on Friday, BTC/USD fell to an intraday low of $23,279.96 earlier in Saturday's session.
Today's decline sees bitcoin fall for a third straight day, and comes following Thursday's high of $24,262, which was BTC's highest point since early-August last year.
As a result of recent declines, bitcoin's 14-day relative strength index (RSI) is now tracking at 68.41.
This is marginally above a point of support at 68.00, which is a level that has not been broken since January 11.
Should this floor fail to hold during today's session, bearish sentiment will likely continue to rise, pushing prices below $23,000 in the process.
Ethereum
On the other hand, ethereum (ETH) rose marginally higher on Saturday, remaining close to a resistance level of $1,700 in the process.
ETH/USD hit a high of $1,670.70 to start the weekend, as the world's second largest cryptocurrency bounced away from Friday's low at $1,634.49.
Following a surge to $1,714 on Thursday, which was the strongest point...
|  | Biggest Movers: SHIB, DOT Remain Near 3-Month Highs, Despite Crypto Mark...
Shiba inu was one of Friday’s biggest gainers, as the meme coin remained close to a recent three month high. The token has been in the green for the majority of today’s session, despite the global cryptocurrency market cap falling 1.28% at the time of writing. Polkadot was also higher, as it continued to trade above a key price ceiling.Shiba inu (SHIB)
Shiba inu (SHIB) was a notable mover on Friday, with prices remaining close to yesterday's three month high.
SHIB/USD rose to a high of $0.00001291 on Thursday, which was its strongest point since November, however fell lower, as bulls moved to take profits.
As traders abandoned their positions, SHIB fell to a low of $0.00001196 yesterday, however prices have since recovered, and are currently sitting at $0.00001251.
Looking at the chart, Thursday’s decline pushed SHIB towards a floor at 61.00 on the relative strength index (RSI), however bulls rejected a breakout.
As of writing this, the index is tracking at 69.41, which is marginally below a resistance point at 70.00.
In order for SHIB to recapture yesterday’s peak, this ceiling at 70.00 will first need to be broken.
Polkadot (DOT)
Polkadot (DOT) also maintained bullish momentum in today’s session, as the token continued to trade above a key resistance level.
After giving up a high of $6.84 on Thursday, DOT/USD dropped to a low of $6.53 later in the day.
The token has since rebounded, and as of writing this is currently trading at $6.79, which ...
|  | Bitcoin, Ethereum Technical Analysis: BTC Hovers Near $23,000 to Start t...
Bitcoin started the weekend hovering near $23,000, as markets continued to react to personal consumption data in the United States. Figures released on Friday reported that spending fell by 0.2% last month, despite overall consumer sentiment moving higher. Ethereum remained close to $1,600 to start the day.Bitcoin
Bitcoin (BTC) remained close to the $23,000 level on Saturday, as markets continued to react to Friday's U.S. personal consumption data.
Following a high of $23,417.72 late on Friday, BTC/USD fell to an intraday low of $22,880.60 earlier in the day.
This came as bitcoin was once again unable to break out of a key resistance level at $23,500, leading to a resurgence of bearish sentiment.
In addition to this, the 14-day relative strength index (RSI) has dropped below the 80.00 mark, and looks to be headed for a floor at 76.00
Should momentum continue in a downward direction, it is likely that BTC will collide with a floor at $22,400.
Currently, the index is tracking at 78.59, with BTC/USD trading at $22,930.60.
Ethereum
After a brief stint moving back above $1,600 late on Friday, ethereum (ETH) started the weekend once again below this level.
ETH/USD dropped to a bottom of $1,568.69 on Saturday, less than a day after hitting a peak of $1,617.00.
Volatility in ethereum has been heightened in recent days, following a failed breakout attempt of the $1,645 level earlier this week.
Following weeks of being overbought, price strength has begun to decline, with the 14-day...
|  | Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near
Amid the ubiquitous rally in the crypto market, multiple crypto assets including MATIC have climbed higher highs, thriving to reach their peak and beyond. While the catalyst behind the rally might be unclear, Polygon's (MATIC) bullish trend could be a part of its upcoming zkEVM Network update. As the launch draws near, investors have continued to increase in numbers pouring more funds into the asset.
Polygon is a layer-2 scaling solution built on top of the Ethereum blockchain to improve the network’s scalability. The soon-to-be-launched zkEVM network update is just one of the plans the developers of the Polygon network have announced to enhance the layer-2 scaling solution.
According to Polygon co-founder Sandeep Nailwal's recent tweet, the anticipated zkEVM comes soon as the mainnet launch now has an official date which is somewhere around the corner.
Polygon (MATIC) Surges Nearly 10% In 24 hours
Over the past 24 hours, MATIC has spiked in price by 8.6%, mirroring other altcoins' bullish trend as the global cryptocurrency market capitalization still holds steady above the previously amassed $1 trillion mark.
The past few weeks have seen a MATIC mark an upward rally movement, especially since the beginning of the year. MATIC has moved from the $0.75 price tag seen late last year to $1.09 at the time of writing. Meanwhile, the 1-day chart still indicates more rallies as there is still liquidity at the higher highs to be taken.
Notably, MATIC is ranke...
|  | Ethereum Closes Near Its Next Profit Take Region As Bullish Momentum Con...
The Ethereum price has been propelling itself considerably ever since Bitcoin crossed the $20,000 price mark. Over the last 24 hours, ETH has slightly moved down on its chart, depicting consolidated price action. Last week helped the Ethereum price move up by 6%.
The coin finally broke past its consolidation at the $1,500 price level and has been moving north ever since. The technical outlook of the coin has pointed towards continued bullishness on the chart. Accumulation has increased substantially ever since Ethereum breached the $1,500 price level.
The chance of a price reversal cannot be ruled out just yet, as ETH was overbought and overvalued. Currently, Ethereum has secured $1,600 as the support level. The next price correction could help traders with buying opportunities.
A price correction might not occur over the immediate trading sessions as demand for the coin remains quite high on the chart. Ethereum's price might continue on the upside before the coin retraces. The market capitalization of Ethereum increased, which also reflected that the buying sentiment remained high.
Ethereum Price Analysis: One-Day Chart
ETH was exchanging hands at $1,620 at the time of writing. Immediate resistance for the coin stood at $1,690; it even corresponds to the 50% Fibonacci retracement level. A move above $1,690 will help Ethereum touch the $1,700 price mark.
The $1,700 price mark is crucial, as touching or breaching this mark could mean continued bullish momentum for the crypto...
|  | Bitcoin, Ethereum Technical Analysis: BTC Remains Near $23,000 to Start ...
Bitcoin continued to hover around the $23,000 level on Jan. 23, as bullish sentiment remained high in markets. Over the weekend the world's largest cryptocurrency rose to its strongest level since August, with bulls moving to consolidate these gains. Ethereum also traded in the green today, remaining above $1,600 in the process.Bitcoin
Bitcoin (BTC) continued to trade near a five-month high to start the week, as sentiment in crypto markets remained bullish.
Following a low of $22,387.90 on Sunday, BTC/USD hit an intraday peak of $23,056.73 earlier in today's session.
On Saturday, BTC rose to a high of $23,375, which was its strongest point since August 18, and it appears as though bulls are hoping to recapture this point.
In order to achieve this, the 14-day relative strength index (RSI) will likely need to move back towards a ceiling at 91.00.
Currently, the index is at the 85.26 level, which is already overbought, and this could lead to some opting to secure gains and abandon previous positions.
As of writing, BTC is trading at $22,876.55, which is marginally higher than Sunday's peak.
Ethereum
Ethereum (ETH) also appeared to be consolidating the weekend's gains, with prices remaining above the $1,600 mark.
On Monday, ETH/USD has so far risen to a peak of $1,658.02, which is relatively close to Saturday's four-month high at $1,680.
Today's peak comes as the world's second largest cryptocurrency rebounded from a floor around the $1,610 mark.
Looking at the chart, the rebo...
|  | Bitcoin Hash Rate at Near All-Time High despite Rising Mining Difficulty
The Bitcoin hash rate is trending at near all-time highs, per on-chain data on January 20, 2023.
Bitcoin Hash Rate at 274 EH/s
According to streams from BitInfoCharts, the Bitcoin network currently has a hash rate of 274 EH/s, up by almost one percent in the past 24 hours. Even at this pace, the hash rate is down from January 16 highs of 302 EH/s.
Hash rate is the measure of computing power dedicated to BTC mining. As a proof-of-work platform, the Bitcoin network depends on a community of node operators using Application Specific Integrated Circuit (ASIC) gear for block confirmation and security.
ASICs are special nodes explicitly designed to mine cryptocurrencies in proof-of-work networks using, among others, the SHA-256 consensus algorithm. ASICs that can mine BTC can also be used to mine its forks, adhering to a proof-of-work system, including Bitcoin Cash. For confirming a block, a miner is rewarded with BTC.
The amount of computing power channeled to the Bitcoin network often fluctuates depending on many factors, including the cost of scarce gear, often from Bitmain, and the price of BTC.
In recent years, chipset manufacturers, led by Bitmain, have been tuning their equipment, making them more efficient in power consumption. At the same time, they are packing them with more power.
Accordingly, the latest BTC ASICs can dispense more computing power. As an illustration, the Bitmain Antminer S19 XP released in July 2022 can produce 140 TH/s while using 3010W....
|  | Aave Price Surges As V3 Cloud Upgrade Draws Near
Amid the ongoing rally in DeFi TVL, we’ve seen positive news and innovation popping up from the ecosystem. As the Aave protocol V3 cloud upgrade draws near, its native token, Aave, has skyrocketed since the beginning of this year, reaching higher highs for the first time in the last few months.
Aave is an open-source liquidity protocol and its upcoming V3 cloud launch is just one of the protocols pending plans yet to be initiated. An Aave supporter with the Twitter handle @0x4Graham disclosed the upcoming upgrade launch.
According to crypto reporter Collins Wu, the V3 upgrade will introduce cross-chain asset functions, community contribution tools, and a gas optimization model on the Aave protocol.
Aave Price Surges Nearly 37% In 7 Days
As the v3 cloud upgrade draws near, Aave’s native token has spiked in price by 36.5% in the past 7 days, following suit with other crypto and DeFi tokens surging in the market. Besides that, the past few weeks have seen Aave printing a bullish trend, in which the chart indicates anticipation before a significant move.
Aave began the year with a ranging price of $50, and so far, the token has spiked to above $80 following the disclosure of the v3 cloud upgrade. Moreover, not only is the Aave token surging, but the protocol’s TVL has also done some significant rallies to the upside over the past weeks.
Currently, Aave protocol has a cumulative TVL of $4.5 billion, up by 21% in one month. The protocol h...
|  | Biggest Movers: SOL, SHIB Remain Near Multi-Month Highs, Despite Market ...
Solana started the week trading near a two-month high, as momentum remained marginally bullish, despite market consolidation. The global cryptocurrency market cap is currently trading 0.98% higher as of writing. Shiba inu also traded close to recent highs, despite declines on Monday. Solana (SOL)
Solana (SOL) remained near a two-month high to start the week, despite crypto markets beginning to consolidate recent gains.
SOL/USD hit an intraday high of $24.75 on Monday, which comes less than a day after falling to a bottom of $22.68.
This move means that the token remains close to this weekend’s high of $25.03, which was the strongest point for SOL since November 8.
From the chart, it appears as sentiment in solana is still somewhat bullish, which comes as the 14-day relative strength index (RSI) continued to track above a support point at 80.00.
As of writing, the index is tracking at 80.18, with solana trading at the $23.42 price point.
Should the index remain about 80.00 in the coming days, it is likely that SOL could once again move toward $25.00.
Shiba Inu (SHIB)
Like SOL, shiba inu (SHIB) bypassed today’s price consolidation, maintaining recent highs in the process.
Following a low of $0.00001009 on Sunday, SHIB/USD climbed to a peak of $0.00001099 earlier today.
Monday’s action has seen the meme coin continue to trade near the two-month high of $0.00001111, hit last Friday.
Like many cryptocurrencies last week, prices of shiba inu were mostly overbou...
|  | Near Protocol (NEAR) Surges Over 22% In One Week, Will It Surpass $2?
NEAR is soaring on the price chart, with a 3.10% increase in the last 24 hours. Even with the bearish nature of the crypto market in 2022, the NEAR protocol started the year strong. The adverse events of 2022 pushed cryptocurrencies under the scrutiny of regulators. However, the market is slowly picking up pace this 2023.
According to a Coin Guru tweet, NEAR is moving upwards, gaining 4.92% in 1 hour. NEAR is a cryptocurrency project designed to be community-based. It is a cloud-computing platform that enables faster transactions and interaction among blockchains.
What Is Behind The Price Surge? Several factors might be responsible for this increase in the price of NEAR tokens. Web3 innovations top the list of these factors. Web3 has taken over the crypto space with various applications such as gaming, NFTs, fast transactions, etc., and NEAR is at its frontlines.
NEAR is home to almost 1,000 projects. SweatEconomy is one of its renowned apps with a customer base of over 14 million individuals. The NEAR Protocol development team also hinted that its sharding mechanism, Nightshade, would launch in 2023.
Also, NEAR Protocol gives users an enabling environment to transact seamlessly. Statistics reveal that 22.6 million #NEAR wallets have been created since late 2020. The protocol also supports the staking of NEAR tokens. With its innovative thinking and support of widely adopted decentralized applications (DApps), the attention on NEAR is soaring.
However, Alex, a Tw...
|  | Ethereum Price Consolidates Near $1,400 As The Bulls Aim $1,500
Ethereum climbed higher above the $1,400 resistance zone against the US Dollar. ETH is consolidating gains and might rise further towards the $1,500 level.
Ethereum started a fresh increase above the $1,350 and $1,400 resistance levels. The price is now trading above $1,400 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $1,365 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further unless there is a clear move below the $1,350 support. Ethereum Price Turns Green
Ethereum price started a strong increase above the $1,320 resistance. ETH was able to clear the $1,350 resistance zone to move into a positive zone, similar to bitcoin above $17,200.
The price even climbed above the $1,400 resistance zone. A high is formed near $1,437 and the price is now consolidating gains. Ether price is now trading above $1,400 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $1,365 on the hourly chart of ETH/USD.
Recently, there was a downside correction below the $1,420 level. The price declined below 23.6% Fib retracement level of the upward move from the $1,351 swing low to $1,437 high.
However, the price is stable near the $1,400 zone. An immediate resistance is near the $1,435 level. The next major resistance is near the $1,500 level. An upside break above the $1,500 resistance zone could set the pace for more gains.
Source: ETHUSD on TradingView.c...
|  | NEAR Struggles As Bulls Aim To Flip $1.45 Resistance Into Support
NEAR, the native crypto of Near Protocol, seems to continue mirroring the trajectory of Bitcoin, one of the main driving forces of the cryptocurrency industry.
The largest crypto asset boasting a total market capitalization of $320.76 billion has so far failed to establish a strong upward momentum that will enable it to exit 2022 with a higher value.
In fact, BTC, which is trading at $16,658, is in danger of ending the year with a meager gain of less than 2%. At the time of writing, the maiden crypto has only managed to go up by 1.2% during the last 30 days and is looking at a weekly decline of 1.5%.
As Bitcoin continues with its struggles, lesser known altcoins such as NEAR will also have a hard time to trigger an upward movement of their prices.
Yearend Bang Denied As NEAR Drops 20%
Much like many of its fellow digital coins, NEAR is now trapped in a position where it will be difficult to end the month of December on a high note.
NEAR Protocol has the strongest positive correlations with Bitcoin, Cardano, and XRP. This suggests that these coins frequently trend in the same direction at the same time.
According to latest data from Coingecko, at press time, NEAR is changing hands at $1.32 and has already lost 20% of its value in the last 14 days.
As for its month-to-date (MTD) performance, the coin is currently one of the worst performers among the top 40 crypto assets, going down by 16.2% over the previous 30 days.
Adding to the woes of the cryptocurrency is the findings of...
|  | Bitcoin Price Keeps Fighting Near $17K, What Could Spark Upside Break
Bitcoin price is still attempting an upside break above $17,000. BTC could gain bullish momentum if there is a daily close above the $17,000 and $17,200 resistance levels.
Bitcoin is again attempting an upside break above the $17,000 and $17,200 levels. The price is trading above $16,750 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $16,820 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if there is a daily close above the $17,200 resistance zone. Bitcoin Price Remains Supported
Bitcoin price climbed above the $16,800 resistance zone in the past few sessions. BTC even attempted an upside break above the $17,000 resistance zone, but struggled to gain bullish momentum.
The bulls made a couple of attempts to clear the $17,000 resistance, but failed. The recent high was formed near $16,920 and the price is now consolidating in a range. It corrected a few points and tested the 23.6% Fib retracement level of the upward move from the $16,565 swing low to $16,920 high.
Bitcoin price is now trading above $16,750 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $16,820 on the hourly chart of the BTC/USD pair.
On the upside, an immediate resistance is near the $16,920 zone. The first major resistance is near the $17,000 zone. The main barrier is still near the $17,200 level. A proper daily close above the $17,200 resista...
|  | Biggest Movers: DOGE, LTC Near 3-Week Lows on Thursday
Dogecoin was trading close to a three-week low on Thursday, following the release of retail sales figures in the United States. Customer spending fell by more than expected in November, dropping by 0.6% last month. Litecoin slipped for a second successive session, falling to its lowest point since late November. Dogecoin (DOGE)
Dogecoin (DOGE) remained in the red on Thursday, as prices fell for the ninth day out of the last eleven.
The recent decline saw DOGE hit a low of $0.08694 earlier in today's session, which is nearly 4% lower than Wednesday's peak of $0.09224.
This move saw the meme coin fall to its lowest point since Monday, nearing a three-week low of $0.0848 in the process.
Looking at the chart, bearish sentiment has increased as the 14-day relative strength index (RSI) fell from its recent floor at the 47.50 mark.
As of writing, the index is tracking at 42.40, with a floor of 40.00 the next possible destination.
Should this point of support be reached, we will likely see DOGE trading near the $0.0840 level.
Litecoin (LTC)
Litecoin (LTC) was another notable token to fall today, with prices moving lower for a second straight day.
Following a high of $78.96 on Wednesday, LTC/USD dropped to a bottom of $74.07 earlier in the day.
As a result of this drop, litecoin moved to its lowest point since November 28, when prices hit a bottom of $70.50.
Like with dogecoin above, today's sell-off coincided with the RSI hitting a low of 50.20, which is close to a floor of 50.00....
|  | These On-Chain Indicators Suggest Bitcoin's Bottom Draws Near
Bitcoin and crypto markets are a full year into bear territory, and it has been about that time when the cycle bottom occurs.
During the previous bear market, it came in December 2018, a year after the Bitcoin price peak. This time around, BTC has fallen 75% from its peak a year ago, and bottom signals are mounting up.
On Dec. 6, Capriole Fund founder Charles Edwards took a deep dive into the on-chain data. He discovered that there were several signals suggesting it could be the best time to buy Bitcoin.
Bitcoin Bottom Signal Series.
A thread of on-chain signals which suggest the Bitcoin bottom is in, or very close. In my opinion, these are the most important on-chain metrics today. Based on Bitcoin's 13 year history, they are telling me this is an extraordinary opportunity. pic.twitter.com/5io6WD2ELo
— Charles Edwards (@caprioleio) December 6, 2022
Bitcoin at The Bottom
Bitcoin adoption is at an all-time high despite the FTX crypto contagion and market crash. It is currently the highest growth rate in addresses, with more than 0.1 BTC in history. The addresses holding BTC for more than a year also represent more of the network than ever before.
Furthermore, there have only been four other times in network history that Bitcoin production cost has been below its electrical cost. These instances also coincided with market bottoms.
Edwards observed that BTC price is also trading at a 55% discount to Bitcoin Energy Value. The BEV is the asset's fair value priced using pur...
|  | Hedera (HBAR) Continues To Consolidate Near Its Lowest Level This 2022
Hedera (HBAR), the native and energy-efficient cryptocurrency of an open source public distributed ledger bearing the same name, started the year on a high note, peaking at $0.3282 on January 5.
But the crypto asset failed to keep up its momentum and gradually declined over time until it fell below the $0.10 marker on May 13 when it bottomed at $0.0870.
HBAR continues to struggle in reclaiming the $0.10 territory
Hedera technical indicators currently show no signs of an immediate reversal
The crypto asset increased its market cap by $400 million in just 24 hours
Since then, the altcoin struggled to climb back up and its woes were compounded by the negative effects of the collapse of the FTX cryptocurrency exchange platform.
On November 10, Hedera recorded its 2022 low when it changed hands at $0.0439 and is not showing any signs of initiating a bullish run anytime soon.
Its relevant technical indicators are also nothing to be excited about as they are not indicating an upward push that may happen over the next few days or weeks.
Not Much To Look Forward To For Hedera? According to latest tracking from Coingecko, at the time of this writing, HBAR is trading at $0.0482 and is dangerously close to the lowest level it has been this year.
The crypto has lost 2.7% of its value during the previous seven days and its bi-weekly gains only stand at 3.3%, although it managed to increase its market capitalization by $40 million over the last 24 hours and now has $1.20 billion in overal...
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