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PROPEL Price   

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PROPEL

Propel  

#PROPEL

PROPEL Price:
$0.00000393
Volume:
$98
All Time High:
$0.00791
Market Cap:
$18.4 K


Circulating Supply:
4,677,383,418
Exchanges:
1+
Total Supply:
8,000,000,000
Markets:
1+
Max Supply:
Pairs:
4



  PROPEL PRICE


The last known price of #PROPEL is $0.00000393 USD.

Please note that the price of #PROPEL was last updated over 90 days ago. This can occur when coins have sporadic price reporting, no listings on exchanges or the project has been abandonded. All #PROPEL statistics should be considered as 'last known value'.

The lowest PROPEL price for this period was $0, the highest was $0.00000393, and the exact last price of PROPEL was $0.00000392661.

The all-time high PROPEL coin price was $0.00791.

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


  PROPEL OVERVIEW


The code for Propel crypto currency is also #PROPEL.

Propel is 2.9 years old.


  PROPEL MARKET CAP


The current market capitalization for Propel is $18,366.

Propel is ranking upwards to #2119 out of all coins, by market cap (and other factors).


  PROPEL VOLUME


The trading volume is very weak today for #PROPEL.

Today's 24-hour trading volume across all exchanges for Propel is $98.00.


  PROPEL SUPPLY


The circulating supply of PROPEL is 4,677,383,418 coins, which is 58% of the total coin supply.


  PROPEL BLOCKCHAIN


PROPEL is a token on the Binance Smart Chain blockchain, and has digital contracts with 1 other blockchain.

See list of the PROPEL Blockchain contracts with 2 different blockchains.


  PROPEL EXCHANGES


PROPEL has limited pairings with other cryptocurrencies, but has at least 4 pairings and is listed on at least 1 crypto exchange.

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


  PROPEL RESOURCES


Websitepayrue.com
Twitterpay_rue
Telegrampayrue_global
Instagraminstagram.com/pay_rue


  PROPEL NEWS


Spot Ethereum ETFs Expected To Begin Trading On July 2, Can This Propel ...

    Discussions around when the Spot Ethereum ETFs will likely begin trading have continued to heat up. This time, Bloomberg analyst Eric Balchunas and fellow Bloomberg analyst James Seyffart have shared an update on when they expect these funds to begin trading.  Spot Ethereum ETFs To Begin Trading By July 2 Balchunas stated in an X (formerly Twitter) post that they are moving their “over/under date” for the launch of the Spot Ethereum ETFs to July 2. He revealed they had heard that the Securities and Exchange Commission (SEC) sent fund issuers comments on their respective S-1 filings. These comments are said to be “pretty light” and nothing major, with fund issuers set to file their amended registration statements within a week.  The Bloomberg analyst claimed that there is a decent chance that the SEC will declare these S-1 filings effective the next week and that the Commission will work towards approving them before the holiday weekend. He added that anything is possible but that is the timeline they are working with for now.  These Bloomberg analysts had previously put July 4th as their over/under date for the launch of the Spot Ethereum ETFs. Balchunas acknowledged that the recent shift from July 4th to 2nd wasn’t a major one but was still significant, considering it was beginning to feel like it could take longer before the Spot Ethereum ETFs launch.  He also clarified that they decided on July 2nd as the over/under date b... read More



Dogwifhat Unstoppable: Bullish Sentiment To Propel WIF Towards $6.7 &nda...

    Analysts anticipate that Dogwifhat (WIF), the meme coin with the adorably adorable canine mascot, will soar in value to a whopping $6.7. Dogwifhat: Recent Performance Ignites Bullish Momentum WIF has defied the odds in recent weeks, leaving its competitors in the doghouse. Over the past seven days alone, the price has shot up nearly 20%, and the past month has seen an even more remarkable 30% growth. This upward trajectory has fueled optimism within the crypto community, with many investors wagging their tails in anticipation of further gains. Breaking Through Key Barriers Renowned crypto analyst Alex Clay isn't shy about his bullish stance on WIF. According to Clay, the recent surge signifies a potential turning point for the meme coin. WIF successfully breached a crucial resistance level, dubbed the 'Key Zone' by Clay, after a strategic accumulation phase lasting 43 days. This breakthrough, Clay argues, suggests a shift in market sentiment and investor confidence. $WIF broke above the Key Zone around $3.3 after 43 Days of Accumulation Looking for a retest of the $4.4 Major Supply Zone and more upside if we do break out Target: 6.7$#dogwifhat #wif pic.twitter.com/3yLks3ycBJ — Alex Clay (@cryptclay) May 28, 2024 Clay envisions this newfound bullish momentum propelling WIF towards a 'retest of the $4.4 Major Supply Zone.' Should WIF manage to conquer this resistance level, Clay boldly predicts a further ascent to a price target of a staggering $6.7. Meme Coin Frenzy:... read More



Can This Bullish Chart Pattern Propel Bitcoin Price To $75,000?

    The Bitcoin price has experienced a notable resurgence over the past week, drawing parallels to the optimism often associated with Holy Week among Christians. This renewed momentum has infused the entire market, leading to significant profits for other major cryptocurrencies in the last seven days. The resurgence of the Bitcoin price seems to be at its nascent phase, with a popular crypto pundit on the X forecasting a bullish trajectory for the premier cryptocurrency over the coming days. Bitcoin Price To Reach $75,000? In a recent post on the X platform, Ali Martinez put forward an optimistic prediction for the price of Bitcoin. According to the crypto analyst, the premier cryptocurrency’s current price action indicates that BTC might be ready for another run to the upside. This bullish prediction is based on the formation of an inverse head-and-shoulders chart pattern in the 30-minute timeframe. Considering the short timeframe, this projection, if it comes true, will likely play out over the next few days. Typically, a head-and-shoulders price pattern signals a bullish-to-bearish trend reversal and indicates that an upward trend might be coming to an end. In contrast, the inverse head-and-shoulders chart formation suggests the possible reversal of a downward trend, with potential bullish movement on the horizon. According to the highlighted chart above, the Bitcoin price is currently following a trend above the 200 exponential moving average (EMA). If the coin main... read More



C1 Fund and Spartan Group Forge Strategic Partnership to Propel Digital ...

    [PRESS RELEASE - Dubai, United Arab Emirates, January 17th, 2024] C1 and Spartan Group Unite Forces to Drive Liquidity, Innovation and Growth. C1 Fund, a $500 million fund dedicated to secondaries in the digital assets space has announced a strategic partnership with the Spartan Group, a prominent Asia-based advisory and asset management firm with an extensive and impressive track record in advising and investing across all verticals in the Web3 sector. C1 Fund has rapidly emerged as a leading player in the digital assets investment space, leveraging its substantial capital to actively participate in secondary markets, where it identifies and seizes opportunities for investment and growth. With a mission to unlock value in the digital assets ecosystem, C1 Fund strategically acquires stakes from existing investors and provides immediate liquidity. The partnership with Spartan Group signifies a key milestone for C1 Fund, as Spartan Group brings unparalleled expertise and a proven history of success in advising on multi-billion-dollar M&A transactions and fundraises within the digital assets sector. Spartan Group has consistently demonstrated its commitment to working closely with visionary founders and top-tier management teams, earning a reputation as a trusted advisor to some of the most recognized projects in the Web3 space. We are thrilled to join forces with Spartan Group, said Dr. Najam Kidwai, CEO & Co-Founder of C1 Fund. 'Spartan’s deep understanding of the crypto... read More



XRP Burn Hits Major Milestone, Can The Burns Propel Price To $1?

    The total number of XRP tokens burned just recently hit a major milestone. This has raised questions as to how much impact these burns can have on the value of the XRP tokens in circulation. Interestingly, Ripple’s CTO David Schwartz recently made some comments in this regard as he weighed in on whether or not XRP burns could affect the token’s value.  12 Million XRP Now Wiped Out Of Circulation Data from the XRP Scan shows that just over 12 million XRP tokens have now been burned and wiped out from circulation. This figure represents just 0.012% of XRP’s total available supply, which now stands at over 99.9 billion. Considering the magnitude of tokens still available, it is hard to imagine that the tokens burned so far can have so much impact on the token’s price. It is also worth mentioning that the 12 million XRP burned so far is a cumulative total of all the tokens that have been wiped out from circulation since they were premined. As such, these tokens have been burned at separate times and not necessarily on a large scale. With this in mind, that could explain why the XRP community is calling for burns of Ripple’s XRP holdings.  Ripple currently has over 40 billion XRP in escrow. Burning a significant portion of these tokens could have more effect on the token's price than the 12 million burned so far. However, Ripple’s CTO David Schwartz doesn’t believe that this would yield “any real benefits.” He also a... read More



Bitcoin ETF Approval Set to Propel BTC Price Beyond $50K: Matrixport

    Research conducted by Matrixport anticipates that the price of Bitcoin will surpass the $50,000 threshold in January 2024, provided that the approval of spot Bitcoin ETFs by the U.S. SEC becomes a reality. The firm predicts a 95% probability of spot Bitcoin ETF approval in January 2024. Matrixport Sees Bitcoin at $50K Matrixport's research highlights the growing anticipation surrounding the SEC's decision on spot Bitcoin ETFs, suggesting that the asset could soar above $50,000 if approved. The report highlights historical parallels, such as the launch of Bitcoin Futures by CME Group in 2017, which saw a significant price escalation preceding the event. During the six-to-seven-week window between the confirmation of the Bitcoin futures launch and the commencement of trading, prices soared by almost 200%. While Matrixport initially projected a consolidation period from December 8 until the end of the year, the research suggests that Bitcoin may now be poised for a breakout. Historical data indicates that Bitcoin typically experiences gradual price increases of around +3% from Christmas to New Year. However, 2011, 2013, and 2020 outliers saw Bitcoin prices rise as much as +22%. As the SEC reviews spot Bitcoin ETF applications, Matrixport notes that TV commercials from multiple ETF applicants are already being rolled out, which is expected to support BTC further. The intensity of these commercials is expected to heighten during the Christmas season as applicants race to become th... read More



Metagood Secures $5 Million to Propel Osura Marketplace for Bitcoin Art

    [PRESS RELEASE - Redmond, Washington, United States, December 18th, 2023] Metagood, a blockchain technology and digital assets company, announced the successful completion of a $5 million series seed funding round aimed at advancing its Osura marketplace, focused on art within the Bitcoin ecosystem. “Osura is embarking on a groundbreaking collaboration with artists to immortalize their creations on Bitcoin, the blockchain synonymous with unparalleled security and longevity,' said Danny Yang, CEO of Metagood. 'I've been building on Bitcoin for over a decade and couldn't be more excited about the possibilities that lie ahead for us on the Ordinals protocol which is simple, elegant and powerful.” Spearheaded by Sora Ventures, the series seed round saw participation from key investors including ACTAI Ventures, Bitcoin Frontier Fund, UTXO Management, London Real Ventures, and Peach.xyz, among others. The Ordinals protocol, which is only a year old, has unlocked an important market for storing and securing high-value assets on the Bitcoin blockchain. Osura is building the infrastructure for launching and trading assets developed on the Ordinals protocol, starting with art on Bitcoin. “Embracing art on Bitcoin marks a stride into digital ownership, paving the way for real-world assets to seamlessly transact on the blockchain,” remarked Bill Tai, legendary venture capitalist and Metagood Chairman. “As witnessed in other chains with th... read More



Critical Shiba Inu (SHIB) Metric Skyrockets by 1,300%, Could It Propel P...

    TL;DR Shiba Inu Token Burn: Shiba Inu memecoin's burn rate soared by over 1,300% in 24 hours, destroying over 105 million tokens to potentially increase scarcity and value. Price Uptrend: SHIB's price increased by 12% in two weeks and 25% monthly, overtaking Bitcoin Cash in market capitalization and entering the top 20 cryptocurrencies. Shibarium's Impact: The launch and progress of Shibarium, a layer-2 blockchain solution, may be contributing to SHIB's recent price rally, marked by significant network activity. Another Surge of SHIB Burn Rate The popular memecoin - Shiba Inu - continues to witness a substantial amount of tokens sent to an address that nobody could access. According to data presented by Shibburn, the burn rate has exploded by over 1,300% in the past 24 hours, resulting in more than 105 million assets being 'destroyed.' The program aims to reduce the total supply of SHIB, thus making it more scarce and potentially more valuable in the future.  As CryptoPotato previously reported, the memecoin burned approximately 1.4 billion tokens throughout October. The record day was October 28, when more than 250 million SHIB were removed from circulation. SHIB's price has been on an uptrend lately, spiking by 12% for the past two weeks and 25% on a monthly basis. It also outpaced Bitcoin Cash (BCH) in terms of market capitalization, sitting among the top 20 largest cryptocurrencies. Shibarium's Role in the Ascend? Another factor that might ... read More



Ethereum Bulls May Propel Price To $3,100, Analyst Suggests

    Ethereum (ETH), the second-largest cryptocurrency, has seen a significant price increase over the past month. The recent bullish rush in the crypto market, coupled with BlackRock's involvement, has pushed ETH to its year-to-date high of $2,139. Ethereum Outshines Bitcoin And Altcoins According to market data provider Kaiko, ETH has outperformed BTC and many altcoins in recent weeks, signaling a shift in market dynamics. Kaiko's report highlights how ETH struggled to gain momentum over the past year, despite successful upgrades such as The Merge in April.  However, the sentiment around ETH changed dramatically when BlackRock filed for a spot ETH exchange-traded fund (ETF), leading to a reversal in the ETH to Bitcoin (BTC) ratio. The impact on the market was substantial, with ETH prices surging above $2,000 for the first time since April. Additionally, daily spot trade volumes reached $7 billion, the highest level since the collapse of FTX.  The ETH ETF narrative provided further impetus to the ongoing rally, amplified by improved global risk sentiment and declining US Treasury yields. The dominance of altcoin + ETH volume relative to BTC has risen to 60%, marking its highest level in over a year. During bull rallies, altcoin volume typically increases relative to BTC.  This surge in demand has also led to rising leverage, as reflected in the recovery of ETH open interest to early August levels. Notably, BTC open interest has declined over the past month due t... read More



SBI Holdings to Launch $663M Fund to Propel Web3 and Fintech Startups

    SBI Holdings, a prominent Japanese financial company, is preparing to launch a $663 million fund supporting Web3, AI, and other fintech startups. The fund is slated to invest in 150-200 companies and is anticipated to begin operations by the current year's end, as Nikkei Shimbun reported. Japan's Startup Fund Momentum with Major Backing The SBI Holdings investment scale is expected to be robust, ranging from hundreds of millions to billions of yen per project. This ambitious fund is anticipated to reach a substantial 100 billion yen, with key contributions already confirmed from prominent financial institutions. Sumitomo Mitsui Banking Corporation, Mizuho Bank, Nippon Life Insurance, and Daiwa Securities Group have committed to invest more than 50 billion yen into this initiative. This financial injection carries immense significance in a nation where venture capital (VC) funds of this magnitude are relatively scarce. Japan has faced challenges in nurturing and fostering startup enterprises, a concern that prompted the Kishida administration to outline a '5-year startup development plan' in November 2022. The plan seeks to address the issue of lagging startup rates compared to the United States and Europe and aims to elevate Japan as a startup hub in Asia. The Kishida administration is actively striving to materialize a concept of 'new capitalism.' At the core of this philosophy is the belief that startup companies epitomize this innovative capitalist mindset, as they can con... read More



XRP Battle With Resistance: Could A Crucial Update Propel The Altcoin Fo...

    XRP finds itself at a critical juncture as it grapples with a formidable resistance level at $0.54. The recent surge in XRP's price has propelled it into this crucial resistance range, where it has made three unsuccessful attempts to breach in the past seven days. This repeated testing of the $0.54 mark underscores its significance as a formidable barrier for XRP. Despite these challenges, a price analysis suggests that XRP retains the potential to attract strong demand if certain conditions align in its favor. Over the last three weeks, there has been noticeable accumulation of XRP, indicating growing interest from investors.  This accumulation coincided with a previous rally that was sparked by a demand surge following a legal victory for Ripple. However, it remains to be seen whether XRP can find the catalyst it needs to break through its current resistance zone. Ripple's Singapore License Sparks Hope For XRP Ripple, the company behind XRP, recently made a significant announcement. Its Singapore subsidiary, Ripple Markets APAC Pte Ltd, has successfully secured a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS). With this coveted license in hand, Ripple is now authorized to offer regulated digital payment token services in Singapore.  This development is noteworthy as more than 90% of Ripple's business is conducted outside of the United States, with the Asia Pacific region experiencing rapid growth in demand for its crypto-e... read More



DOT Price (Polkadot) Hints At Potential Recovery, Here's What Could Prop...

    Polkadot’s DOT is recovering higher from the $3.92 support against the US Dollar. The price could gain pace if it clears the $4.20 and $4.35 resistance levels. DOT is slowly moving higher above the $4.05 resistance zone against the US Dollar. The price is trading just above the $4.15 zone and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $4.175 on the 4-hour chart of the DOT/USD pair (data source from Kraken). The pair could gain bullish momentum if there is a close above $4.20 and $4.35. Polkadot’s DOT Price Faces Uphill Task After a sharp decline, DOT price found support near the $3.90 zone. A low is formed near $3.91 and the price is now attempting a fresh increase, like Bitcoin and Ethereum. There was a break above the $4.00 and $4.05 resistance levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $4.80 swing high to the $3.91 low. DOT is now trading just above the $4.15 zone and the 100 simple moving average (4 hours). Immediate resistance is near the $4.20 level. There is also a key bearish trend line forming with resistance near $4.175 on the 4-hour chart of the DOT/USD pair. Source: DOTUSD on TradingView.com The next major resistance is near $4.35. It is near the 50% Fib retracement level of the downward move from the $4.80 swing high to the $3.91 low. A successful break above $4.35 could start a strong rally. In the stated case, the price could easily rally to... read More



Bitcoin Price Sees Technical Correction, Here's What Could Propel It Bac...

    Bitcoin price climbed higher and tested the $27,500 resistance. BTC is correcting gains, but it could start another increase unless there is a move below $26,500. Bitcoin is holding gains above the $26,500 support level. The price is trading above $26,550 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $26,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $26,500 support zone. Bitcoin Price Eyes Another Increase Bitcoin price remained in a positive zone above the $26,200 resistance zone. BTC started a fresh increase and cleared the $26,500 resistance zone. There was a strong push above the $27,000 level before the bears appeared near $27,500. A high was formed near $27,468 and the price recently corrected gains. There was a drop below the $27,000 level. The price declined below the 50% Fib retracement level of the upward move from the $26,412 swing low to the $27,468 high. Bitcoin is now trading above $26,550 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support near $26,600 on the hourly chart of the BTC/USD pair. The price is now holding the 76.4% Fib retracement level of the upward move from the $26,412 swing low to the $27,468 high. It is consolidating gains and might eye a fresh increase. Immediate resistance on the upside is near the $26,950 level. The first major resistance is near the $27,... read More



VISA's Stablecoin Payments On Solana Propel SOL To 5% Gain, Bulls Eye Pr...

    Payment giant VISA has significantly moved in the digital currency space by expanding its stablecoin settlement services to the Solana (SOL) blockchain.  According to recent announcements, the company aims to enhance the capabilities of traditional payment systems through this pilot program, which is currently in the testing phase.  This initiative is expected to improve cross-border settlement speeds and offer a modern option for clients to send and receive funds through Visa's treasury.  In collaboration with merchant acquirers Worldpay and Nuvei, this expansion reinforces Visa's commitment to staying at the forefront of digital currency and blockchain innovation, according to VISA’s head of Crypto, Cuy Sheffield.  VISA Expands Stablecoin Settlement Services To Solana Solana, a blockchain platform known for its scalability, has been chosen by VISA to extend its stablecoin settlement capabilities. With Solana's existing support for Ethereum (ETH), VISA is leveraging the strengths of both platforms to facilitate efficient and secure transactions.  Per the announcements, VISA aims to enhance cross-border settlement efficiency by leveraging stablecoins such as USDC (USD Coin) and utilizing the global blockchain networks of Solana and Ethereum.  This integration allows users to benefit from the advantages of Solana's blockchain, such as fast transaction speeds and low fees.  Furthermore, integrating VISA's stablecoin settlement services ... read More



Analysis Suggests Bitcoin's 2024 Halving Could Propel Price to $400,000

    The highly anticipated 2024 bitcoin halving could spark a meteoric price rise, potentially driving its value to a staggering $400,000, suggests an analysis by Blockware Solutions. The forecasted supply trim in 2024 might ignite an explosive demand for bitcoin. The report highlights how a dynamic duo - a dip in sell-off pressures and a burgeoning buying spree - might set the stage for bitcoin's most monumental cycle price surge ever.Blockware Solutions: '$400K per Bitcoin Is a Reasonable Expectation Due to the $2B Halving Supply Shock' Blockware Solutions' latest report posits that post the impending halving, bitcoin's price might catapult, marking an astounding 1,250% increase from current levels. Delving into historical data, the report emphasizes that bitcoin halvings have consistently spurred bullish tides for its price. The impending dip in mining rewards, coupled with a dwindling supply on exchanges, might set the stage for an unprecedented price surge, even outpacing prior halving cycles. In terms of sheer numbers, Blockware predicts the halving will carve out over $2 billion in annual sales from miners. If bitcoin hovers around the $35,000 mark pre-halving, a subsequent 12-fold leap could translate to a price tag of $420,000 per bitcoin. The potentiality of matching gold's whopping $12 trillion market cap is also highlighted. 'Assuming a price of $35,000 at the date of the halving, a $400,000 cycle top would break the trend of diminishing returns; a reasonable expectat... read More



SEC Approval Could Propel Bitcoin To New Heights: Analyst Forecasts $150...

    In a recent interview, Tom Lee, CNBC’s head of research, shared his insights on the potential impact of a Spot Bitcoin exchange-traded fund (ETF) approval by the Securities and Exchange Commission (SEC) on the price of the largest cryptocurrency in the market.  Lee expressed optimism that introducing a Bitcoin ETF could propel the digital asset to price levels of $150,000 or even $180,000, representing a significant surge from current levels.  Optimistic View On BTC Lee's bullish stance on the potential for a Bitcoin ETF to drive price appreciation reflects the growing anticipation within the cryptocurrency community, as an ETF would provide traditional investors with a regulated and easily accessible vehicle for gaining exposure to Bitcoin, potentially attracting substantial capital inflows into the market.  According to Lee, if the SEC were to approve a Spot Bitcoin ETF, it could unlock a new wave of investor interest and significantly boost the price of Bitcoin.  He estimated that this approval could drive the cryptocurrency to $150,000 or even $180,000, representing a substantial appreciation from its current levels.  The endorsement of a regulated ETF would likely instill confidence among institutional investors who have hesitated to enter the cryptocurrency market due to concerns about custody and regulatory oversight. However, Lee also acknowledged the influence of the upcoming Bitcoin halving event on the price trajectory. Bitcoin's pro... read More



XRP Price: Breaking This Key Resistance Could Propel Crypto To $21 By 20...

    XRP is capturing the attention of traders and investors as it approaches a critical juncture on the price charts. Crypto analyst CoinsKid has highlighted the potential for a significant price surge if XRP manages to overcome a crucial technical barrier.  The concept at play here is the so-called Fibonacci retracement level, a powerful tool used by traders to identify potential price reversals and continuations in financial markets. In the context of cryptocurrency trading, these levels are drawn on a price chart to highlight potential support and resistance levels. They are calculated based on percentages derived from the Fibonacci sequence, with the 78.6% retracement level considered a significant threshold.  If a cryptocurrency like XRP manages to breach this level, it often signals a substantial shift in market sentiment. CoinsKid Predicts XRP's Potential Trajectory CoinsKid recently provided a comprehensive analysis of XRP's price action. In a detailed video on his YouTube channel, he emphasized the significance of a corrective phase for the cryptocurrency.  According to CoinsKid's analysis, once XRP completes this correction and successfully surpasses the 78.6% Fibonacci retracement level, currently situated at $1.30, a substantial buying opportunity may arise. This development, he speculates, could pave the way for an ambitious price target of $21 by the year 2025. Is XRP In For A Listing Surprise? Meanwhile, Gemini, a reputable cryptocurrency exchang... read More



Cardano Price Faces Make-or-Break Moment, Can Djed Propel ADA?

    The Cardano price is experiencing a strong year-to-date (YTD) increase of around 62%. Nevertheless, ADA is facing a crucial make-or-break moment in the 1-day chart, which could decide the long-term trend. At press time, the ADA price was at $0.40, registering a slight 1.1% decline over the past 24 hours, with a 5.4% gain for the week. This puts the price just below the critical resistance zone between $0.405 and $0.42 after ADA broke out of a downtrend in mid-January that has lasted since June 2022 (blue line in the chart). The zone between $0.405 and $0.42 served as extremely strong support for the price from May to early October 2022, before the downside break happened on October 10. Since then, support has turned into key resistance. To make matters more complicated, the 200-day EMA is now approaching the top of the resistance zone at $0.42. The 200-day moving average is an indicator that determines the long-term trend of an asset. When the price breaks above the 200-day moving average indicator, it usually signifies a trend reversal and a return to bullish territory. The fact that the 200-day EMA and resistance zone are now coinciding presents the Cardano (ADA) price with a make-or-break moment. If the price can breach this level, ADA bulls could gain the upper hand. If the bulls fail, there could be a retest of support at $0.373 and subsequently the 100-day EMA at $0.348. New Cardano Stablecoin To Drive Price Above Resistance? In addition to a boost from macroeconomic ... read More



New Digital Collectible Collections Art Gobblers and Keepers Propel NFT ...

    Non-fungible token (NFT) sales increased a great deal during the last seven days as NFT sales jumped 56.73% higher than sales recorded the week prior. Over the last seven days, out of 889,499 NFT transactions, NFT sales volume reached a total of $170.48 million this past week. Art Gobblers and Keepers Collections Give NFT Sales a Push NFT sales have risen during the last seven days as sales volume increased by more than 56% tapping $170.48 million this week. Sales stemmed from 18 different blockchain projects and Ethereum (ETH) captured $139.31 million of the aggregate. ETH-based NFT sales have increased by 95% week-over-week. While ETH-based NFT sales jumped by 95%, the second largest amount of sales stemmed from Panini-based NFT sales which increased by 74.27%. Ethereum and Panini were followed by Immutable X and Solana, respectively, in terms of week-over-week percentage increases. Polygon-based NFT sales dropped by 80.66%, however, and Cardano-based NFT sales slipped by 44.11%. The top NFT collection this week, in terms of seven-day sales, was Art Gobblers as the collection accrued $51.78 million in total sales. Art Gobblers was followed by Bored Ape Yacht Club's (BAYC) $9.45 million and the Keepers collection's $8.57 million. While Art Gobblers was a stand-out collection this week in terms of sales, the collection Art Blocks jumped by more than 73% this week. The most expensive NFT was sold four days ago as BAYC #5,979 sold for $339.75K. BAYC #2,764 came in second as i... read More



TA: Ethereum Bullish Despite Recent Chop; What Could Propel it to $1,700

    Ethereum is consolidating above $1,550 against the US Dollar. ETH could rally if there is a clear move above the $1,620 resistance zone. Ethereum is trading in a positive zone above the $1,520 and $1,500 support levels. The price is now trading above $1,550 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it stays above the $1,550 and $1,530 support levels. Ethereum Price Eyes Fresh Increase Ethereum made an attempt to gain strength above the $1,620 resistance and the 100 hourly simple moving average. However, ETH failed to remain stable above $1,620. A high was formed near $1,648 and the price trimmed gains. There was a drop below the $1,580 level and $1,550. A low is formed near $1,535 and the price is now rising. There was a move above the $1,550 resistance. Ether price cleared the 23.6% Fib retracement level of the recent decline from the $1,648 swing high to $1,535 low. It is now trading above $1,550 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $1,560 on the hourly chart of ETH/USD. An immediate resistance on the upside is near the $1,600 level. It is near the 50% Fib retracement level of the recent decline from the $1,648 swing high to $1,535 low. The next major resistance is now forming near the $1,620 level. Source: ETHUSD on TradingView.com A clear mo... read More



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