|All Time High:|
|Market Cap: |
|The price of #RLY today is $0.023 USD.|
The lowest RLY price for this period was $0, the highest was $0.023, and the current live price for one RLY coin is $0.02283.
The all-time high RLY coin price was $1.41.
Use our custom price calculator to see the hypothetical price of RLY with market cap of BTC or other crypto coins.
|The code for Rally is #RLY. |
Rally is 1.8 years old.
|The current market capitalization for Rally is $77,837,028.|
Rally is ranked #236, by market cap (and other factors).
|The trading volume is medium during the past 24 hours for #RLY.|
Today's 24-hour trading volume across all exchanges for Rally is $495,056.
|The circulating supply of RLY is 3,410,108,527 coins, which is 23% of the maximum coin supply.|
|RLY is available on several crypto currency exchanges.|
Rally Digest #66 (March 24, 2022)
Welcome to the Rally Digest, a weekly round-up of everything that’s happening around the Rally project. — Social Token Launches: - VR With Jasmine — $JAS Jasmine is a VR content creator on YouTube and TikTok. Jasmine makes VR tutorials and XR product reviews. She has a Bachelor’s Degree in Mechanical Engineering, an MBA and has worked for the top tech companies. She is also the co-host of VRTK’s weekly live stream lessons. — NFT Spotlight: - The $BOT Coin Community’s Silver Badge NFT grants the holder a 2x $BOT Rewards multiplier for playing on Amazon Alexa, enabling holders to accumulate $BOT faster while playing the games they love. The NFT also unlocks access private to experiences, exclusive airdrops, and sneak peeks for future game releases. The $BOT social token can be used to make other purchases, trades, and withdrawals within the $BOT Rewards Program and the greater Rally ecosystem. — Project News: - The launch of $HBCU was featured in AfroTech. Rally Director of Partnerships for Music, Bryce Carr, was quoted in a Billboard feature on doing music deals in the metaverse. — Creator Spotlight: - How I Built My Token Economy: Joe Pulizzi, $TILT Rally Digest #66 (March 24, 2022) was originally published in Rally.io — Social Tokens + NFTs for Creators on Medium, where people are continuing the conversation by highlighting and responding to this story.
Rally Digest #65 — (Mar 16, 2022)
Rally Digest #65 — (Mar 16, 2022) - Welcome to the Rally Digest, a weekly round-up of everything that’s happening around the Rally project. — Social Token Launches. — Luke Lawal Jr. — HBCU Buzz ($HBCU) HBCU Buzz is a multimedia company focusing on amplifying the Black College community, delivers HBCU news, insights and editorials. Since 2011, HBCU Buzz has been a resource for prospective & current students and alumni. We are on a mission to amplify the Black college experience, articulate stories of HBCU achievement, challenges, opportunities, & developments and advocate for students, alumni and the legacy of these historic institutions. Also launched last week: $AUTH, $EAZY, $GRIT, $HEART — NFT Spotlight. — The Q.D. Dolls NFT Collection, created by Natalie Nichole ($DOVE), awards NFT holders with the opportunity to contribute to a charitable organization or fund their independent art initiative. Every time a Q.D. Edition sells out, one NFT holder will receive $1,000 as a donation to their organization of choice or as a stipend to support the marketing efforts for their independent art project, business, or initiative (if they identify as an independent artist). — Project News. — Director of Music Partnership Bryce Carr outlines a path in Hypebot for the music industry and web3 to move forward together-where the laws of IP are respected and creators and communities...
Rally Digest #64 — (Mar 9, 2022)
Rally Digest #64 — (Mar 9, 2022) - Welcome to the Rally Digest, a weekly round-up of everything that’s happening around the Rally project. — Social Token Launches. — Hungrybox ($BOX) is one of the most successful Super Smash Bros. Melee players of all time and considered one of the “Five Gods of Melee.” He currently streams on Twitch to a dedicated fanbase, and utilizes $BOX to allow viewers to make him do things on-air (like make him exercise) and play 60-second video clips of the viewer’s choice during the stream. — NFT Spotlight. — Shipbroman’s ($SHIPR) Discord NFT Membership Pass gives the NFT holder exclusive access to the Shipbroman community Discord NFT channel. The channel offers daily tips about the latest Blockchain NFT projects and each project’s promises, as well as access to varying DeFi Yield Farming opportunities (DEGENS unite!) and the latest stable APY opportunities from reputable platforms. NFT holders will also be prioritized in the future DAO that is being developed by the growing Shipbroman community. — Project News. — FWB X Rally Hackathon: The hackathon had more than 100 participants across 25 teams building through the day. The three winning teams, chosen by a panel of judges including Brian Mark, Alex Hooven, and Mahesh Vellanki, have a month and a small budget to build a working prototype of their product, and have the opportunity to win huge c...
Rally Digest #63 (Mar 1, 2022)
Welcome to the Rally Digest, a weekly round-up of everything that’s happening around the Rally project. — Social Token Launches. — Roberto Carlos — $RC3 Roberto Carlos is a Brazilian former footballer who is widely considered one of the greatest left backs in history. As well as lifting the 2002 World Cup, Roberto Carlos also won three Champions League and four La Liga titles with Real Madrid in his career, which ended in 2015 after a spell in India as player/head coach with Delhi Dynamos. Fans who hold $RC3 will gain access to exclusive signed merch giveaways, private NFT drops, Zoom calls and other benefits and experiences on Rally. Also launched last week: $T45, $IDEA, $LADDR — NFT Spotlight. — A&R Block ($ANR) — a collective of entertainment industry professionals that helps people build their networks through demo submissions, NFT music/art, social media support, and entertainment industry networking/conventions — launched the Dynasty “Go Get It” NFT Collection, highlighting A&R member and musician Dynasty’s newest track “Go Get It.” NFT holders will receive a physical t-shirt with a DTG Print of the NFT, as well as special access to future events hosted by Dynasty. — Thought Leadership. — Tam Gryn, Director of Fine Arts at Rally.io, brings deep arts experience to the Rally team. In “11 Reasons Why Artists Shouldn’t Be Afraid of NFTs”, sh...
Rally Digest #62 (Feb 23, 2022)
Welcome to the Rally Digest, a weekly round-up of everything that’s happening around the Rally project. — Social Token Launches. — Duncan Robinson — $DBO “I am the host of the Long Shot Podcast and also a professional basketball player for the Miami Heat. When I am not recording episodes or draining threes on the court, I enjoy deep reddit dives into the crypto/NFT space and hope to integrate this knowledge into my business ecosystem.” Also launched last week: $MOTV8. — NFT Spotlight. — Transcending Dove Collection, Natalie Nichole, $DOVE Natalie Nichole — best-selling author, singer/songwriter, actress, & entertainer — launched the Transcending Dove Collection, an NFT Collection linked to her #DoveNation Community. Her #DoveNation Discord functions like a game, where members can level up based on how many $DOVE coins they hold. As members level up, they unlock new rewards and access to exclusive benefits, events, and more. You can fast-track to a specific level by purchasing one of the Transcending Dove NFTs. — Project News. — Rally Growth - As of February 2022, the collective economy holdings across all creator coins is nearly $110M USD across 280 creators. Of those, 59% have collective economy holdings of more than $100K USD and 10% have collective holdings of more than $1M USD. Duncan Robinson Launch - On Friday, Duncan Robinson launched $DBO, a new soci...
Rally Digest #61 (February 15, 2022)
Welcome to the Rally Digest, a weekly round-up of everything that’s happening around the Rally project. — Social Token Launches. — ZsONAMACO Fair Platforms includes Art, Design, Photography & Antiques and supports and promotes creators through $ARTE coin. Also launched last week: $HYDRA, $MASHI, and $BP4. — NFT Spotlight. — ZsONAMACO, $ARTE — Alonso Cedillo’s “Still Life with Smartphones in a Fishpond” Alonso Cedillo’s (Mexico City, 1988) work explores our post-internet world dissolving the limits between reality and fiction. Since 2018, the artist has focused entirely on working with images which are native to screens through different protocols like painting, sculpture, post-photography, programming, and video. This series takes the idea of still life as a starting point to explore the way in which we relate to technology, its fragility, and its presence in daily life. — Project News. — Rally is excited to participate in ETHDenver this year! ETHDenver is the largest Web3 #BUIDLathon in the world (fka hackathon) for Ethereum and other blockchain protocol enthusiasts, designers and developers. This year’s event features simultaneous virtual and in-person events, and kicked off on Friday, February 11th in Denver, CO. Learn more about our bounties here. Rally is now the home of a Super Bowl champion! Los Angeles Rams return specialist Brandon Powell launched $BP4 on...
Rally Digest #60 (February 8, 2022)
Welcome to the Rally Digest, a weekly round-up of everything that’s happening around the Rally project. — Social Token Launches. — Crescendo! Podcast — $CRNDO Crescendo! is a new seasonal podcast from award-winning podcast host and author Greg Bresnitz, which explores the intersection of food and music. Each episode, Bresnitz interviews a chef, who guides listeners through an imaginary menu where each dish is paired with a song. The guests share personal stories and insights about their selections, examining the convergence between these savory, sweet, and sonic moments as they build towards each episode’s Crescendo! Freestyle Trampoline Association — $FLIPR By purchasing the FLIPR Coin you are supporting the grass-roots community of Freestyle Trampoline. The coin will unlock NFTs from the Freestyle community in the form of videos of World’s First Skills, Greatest Moments, Influencers, Amazing Athletes and Brand in the community where you can trade and collect the NFTs from the community and be part of the future of the sport of Trampoline. Your investments will fuel the next generation of “Flippers” to take the next step for the global Movement! #FLIPPERcoin — NFT Spotlight. — Auggie Velarde’s NFT Clanger recreates organic audio sourced from natural environments with code. The Peru-based musician blends modern sound with algorithmic rhythms, inspired by philosophical perspecti...
Rally Digest #59 (February 1, 2022)
Welcome to the Rally Digest, a weekly round-up of everything that’s happening around the Rally project. — Social Token Launches. — Banzai Bowls — $BNZI We are Banzai Bowls, a family owned business named after the famous wave Pipeline which is located on the North Shore of Oahu. Our passion is delivering you with the best hand crafted Acai bowl experience. Our background of surf and skate culture has driven our passion since 2008, and we are always ‘Living life in the bowl’. Excited for this next journey into the crypto space! — NFT Spotlight. — Jeremiah Owyang’s “Web Strategy: 2022” NFT grants access to Owayng’s premium Web Strategy group on Discord, providing valuable insights and discussions on digital trends across Web3, Digital Marketing, Corporate Innovating, Tech Wellness, and other related news. Jeremiah provides ongoing links to important news articles for the Discord group to discuss in private, as well as other occasional perks. Jeff Pulver’s “Oh Dear” NFT — featuring art by Joyce Brian — benefits the WhyHunger foundation, an initiative co-founded by Harry Chapin to feed people in need. — Project News. — Creator Mentorship Program Launch — Rally’s Organic Mentorship Program connects newly minted creators to veteran members of our community. Over the course of six weeks, mentors guide their mentees through the launch process & be...
Rally Digest #58 (January 26, 2022)
Welcome to the Rally Digest, a weekly round-up of everything that’s happening around the Rally project. — NFT Spotlight - Cat Crate by alliestrasza $ALLIE alliestrasza’s Cat Crate NFT grants the holder a random Allie Cat NFT — 1 of 500 unique cats based on Allie’s real life animals Willow, Po, Tai, and Mika. Holding an Allie Cat NFT grants access to play-to-earn games exclusive to the Allie Cat community. Fountain by TMFA $ART “Fountain” is one of Duchamp’s most famous works and is seen as an icon of twentieth-century art. TMFA’s work is a 2021 replica of “Fountain” made in Blender to resemble the original porcelain object. — Creator Spotlight - Catch our interview with Emery’s Devin Shelton, and learn how the indie hard rock band became a “digital-first band,” launched its $WALLS Creator Coin, and changed its business model after 20 years of making music. — Industry News - NFTs are coming to Instagram and Facebook. That’s according to reporting from the Financial Times, which says users of those platforms will soon be able to display their NFTs as their profile pictures. The platforms are also working on longer term plans to create NFT marketplaces where users can trade and mint tokens. Speaking of NFTs as profile pics, Twitter’s long awaited NFT verification feature is now live, Decrypt reported. Users who pay for Twitter Blue, a subscription service that’s available ...
Rally Digest #57 (January 18, 2022)
Welcome to the Rally Digest, a weekly round-up of everything that’s happening around the Rally project. — New Creators: - Natasha May-Thomas/ $NMT Natasha May-Thomas is a professional performer based in London. The British actress and dancer has shared the stage with iconic industry stars including Camila Cabello, performing as a backup dancer at The 2020 Global Awards. She has also played the role of ‘Louise’ in the world famous musical ‘Carousel’ at the renowned Regents Park Open Air Theatre & more recently has been cast in Andrew Lloyd Webber’s Cinderella in London’s West End. May-Thomas was recently awarded two awards at the prestigious Black British Theatre Awards for Best Recent Graduate and Best Supporting Female Actor in a musical. Mitch Rossell/ $MITCH Artist/Songwriter based in Nashville, TN with over 27 Million Streams worldwide. Also written hit songs for Garth Brooks including “Ask Me How I Know” and “Dive Bar” feat. Blake Shelton. Dane/ $DANE Streamer and Youtuber focused on the game Hearthstone, finding creative ways to help waste your time. Raw/ $KICK Set up in 2016, at first, RAW was an organization composed by international booking agents working for talents coming from all over the world. Over the years and always seeking for innovation in the scene, the collective gradually created a large network, activities, and roster including some of the most iconic faces of the ...
More Rally (#RLY) News
|How XRP Pulled Off A 33% Rally Over The Past 7 Days
Ripple (XRP) price has registered an impressive 33% advance above the key resistance zone as seen in the past week.
XRP notably spikes by 10% on September 22
Ripple confident to win legal feud against SEC
The token also skyrocketed 10% as seen on September 22, as the crypto market plunged in a sea of red.
Although a bit of improvement with Bitcoin raking up gains by 4.9% and Ethereum spiking by 7.3%, XRP was still leading that day.
According to CoinMarketCap, XRP price is up by 4.47% or trading at $0.5051 as of this writing.
Update On Legal Feud With SEC Raises Investor Optimism
XRP price demonstrates a surge of over 45% as seen since August. Reportedly, Ripple Labs has recently filed a motion for summary judgment on September 18 which involves allowing the court to wrap it up and make a final decision based on the facts presented in line with whether XRP is to be considered a security.
The recent update on the legal proceedings has stirred some optimism and pumped up investor sentiment regarding the long-term haul of XRP. More so, the open interest of XRP has notably improved as it has increased to $575 million from just $310 million in the past week.
Traders who are looking to get in should wait for the 200-day EMA set at $0.48 to see if it would swing to support in the coming days.
As of press time, XRP’s total market capitalization is at $25.14 billion as it climbed by $3 billion the previous day.
|Compound Prepares For A Major Rally To $80, Here Is Why
The price of COMP remains above the daily 50 EMA as it approaches $80. Price remains bullish, holding above key support areas
COMP price ranges in an asymmetric triangle with high buy orders. The Compound (COMP) token price has recently been volatile as price ranges in an asymmetric triangle prepare for a breakout to a region of $80 against tether (USDT). Despite the fact that the crypto market is in a state of flux, the Compound (COMP) price has shown tremendous strength as it attempts to break out of its trading range. (Data from Binance)
Compound (COMP) Price Analysis On The Weekly Chart
Despite a drop in price from $850 to $30, a drop of more than 70% from its all-time high. COMP's price showed great strength as it rallied from its weekly low of $30 to a high of $60 before failing to break above that region to higher heights.
The price of COMP has remained in a range as it is unable to break above a weekly resistance of $66 in order to trend higher to a region of $80.
To have a better chance of trading higher, the COMP price must break and close above $66. The price of COMP has formed an uptrend line that is acting as support; flipping this area of resistance into support will signal a more relief bounce for the price of COMP.
If the price of COMP fails to break through this key resistance region, we may see the price of COMP range within this channel or retest the $40 and lower support and demand zone for more buy orders.
Weekly resistance for the price of COMP -...
|Bank of America Market Strategist Says 'Summer Rally Is Over' as Crypto ...
Digital currency markets, precious metals, and stocks dropped another leg down on Monday following the drop markets saw last Tuesday. Last week's fall was one of the worst weeks in more than three months as market strategists believe a sizable Fed rate hike is coming this week. Bank of America's analysts led by Savita Subramanian believes the U.S. Federal Reserve 'has more work to do,' and an aggressive central bank may be 'anathema for stocks that have benefited from low rates and disinflation.'Crypto, Precious Metals, Equities Show Volatility Ahead of Fed Rate Hike - Pseudonymous Analyst Plan B Says Bitcoin and the S&P 500 Are Correlated but Are 'Completely Different Worlds'
A hawkish Fed may be like repellent or kryptonite to assets that profited from easier monetary policy and stimulus, Bank of America's market strategists led by Savita Subramanian said in a note this past weekend. Global assets are having a rough start on Monday as all four major stock indexes on Wall Street started the day (9:30 a.m.) lower following a gruesome week of trading activity last week. By 3:00 p.m. (ET), benchmark stocks saw a slight rebound showcasing extreme market volatility and uncertainty.
Subramanian and his team predict the S&P 500 will lose another 8% this year, and he further stressed that the 'summer rally is over.' On Monday, digital currency markets slid 1.61% in the last 24 hours, and the crypto economy is now just above the $900 billion mark at $933.17 billion. Bitcoin (BTC) has...
|ETH Needs to Break This Level to Initiate a Sustained Rally (Ethereum Pr...
Ethereum increased by 25% in the past few days and seems to be a step away from shattering the line that has followed the price since its all-time high was registered in November 2021.
The Daily Chart
Ethereum has reached an obstacle on the daily chart. A significant resistance zone has been established by the convergence of two descending lines (in yellow and orange) and the horizontal resistance at $1,800 (in red).
On August 14, the bulls' final effort to break out was unsuccessful. Since then, the price moved into a weaker position, reaching $1,420. The recent increase has now presented the bulls with an opportunity to retest the resistance zone.
In the days leading up to the Merge, the market is dominated by bullish sentiment, and this will be amplified if the bulls can reclaim $2K. Alternately, failure to break this level will end expectations of a rally. If this occurs, the first area of solid support lies around $1,400.
In conclusion, it is crucial to observe the daily structure during the next couple of days. The strength of the upper wicks, which shows how determined the bears are to defend the resistance zone, is also important to monitor.
Key Support Levels: $1650 & $1420
Key Resistance Levels: $1800 & $2100
Daily Moving Averages:
The ETH/BTC Chart
On the ETH/BTC chart, the ascending line (in orange) is now acting as resistance. Additionally, for the third time...
|Avalanche Outmatches Top Cryptos As AVAX Posts 11% Rally In Last 7 Days
Avalanche (AVAX) has recently spiked by as much as 11% in the past seven days, surpassing other leading cryptocurrencies.
August shows a whopping 46 million transactions made on the Avalanche network
Avalanche network busy with major developments and integrations
4-hour chart for AVAX shows bullish movement
It is presumed that the recent developments on the Avalanche network helped immensely with the gains of AVAX.
August registers roughly 46 million transactions made on the Avalanche network which is a relatively high number to begin with.
Avalanche Price Looking Optimistic
The daily chart for AVAX looks optimistic. On the other hand, some on-chain metrics also reveal the potential for the altcoin to swerve down.
According to CoinMarketCap, AVAX price is up by 0.33% or trading at $20.39 as of this writing.
Over the past couple of days, the Daily Gas Usage of AVAX was able to touch the ATH of 462,891,881,113 which is a great sign that shows an increase of users supporting Avalanche.
More so, the DFK Chain was found out to contribute greatly to the increase in gas usage.
Additionally, the Avalanche network is also busy with major developments and partnerships going on as announced at the network’s TVL Weekly Dashboard.
Some of the major integrations include FTX Japan listing AVAX on their website and also Avalanche’s partnership with Bubblemap designed to pave way towards a...
|Why The Ethereum Price Could Rally Above $1,800 Before A Big Crash
The Ethereum price is following Bitcoin as the two largest cryptocurrencies by market capitalization trend to the upside. The market is currently facing low timeframe resisting, but the general sentiment seems to have flipped bullish across the board.
At the time of writing, Ethereum price trades at $1,700 with a 5% and 7% profit in the last 24 hours and 7 days, respectively. In the meantime, Bitcoin is outperforming with a 10% profit over the past trading session.
ETH's price with minor gains on the 4-hour chart. Source: ETHUSDT Tradingview
The Ethereum Rally That Could Precede A Clash? As NewsBTC reported earlier, Bitcoin and the crypto market were coming in a major cluster of sell orders. Ask liquidity was trending upwards following the trajectory of the Ethereum price and other major cryptocurrencies.
The current price action seems to be a clash between bullish and bearish forces with the former taking control for the first time in weeks. For low timeframes, data from Material Indicators (MI) shows a total of over $60 million in buy orders from the different investors class.
However, the Ethereum price must remain above $1,6800 to maintain its current bullish momentum. In the coming week, the second crypto by market cap will go through a major event with “The Merge”. Below these levels, bid liquidity runs thin and could lead to retrace to previous support.
ETH's price (blue line) facing short-term resistance on low timeframes. Source: Material Indicators
|Bitcoin Price Could Possibly Rally Provided These Levels Are Crossed
Bitcoin price has been defeated by the bears after it traded around the $20,000 mark for quite some time. Over the last 24 hours, the coin fell by 2.1% and in the past week Bitcoin price lost close to 5% of its value.
At the current moment, the coin was trading at the $19,000 price level.
The price of the asset has been directly tied to the U.S Federal Reserve hiking the interest rates. Bitcoin similarly continued to face selling pressure on its chart.
The technical outlook continued to demonstrate a fall in buying strength.
The price of the asset currently has been demonstrating consolidation on its chart. If the coin continues to display minimum price action, Bitcoin price could again drop to the $18,000 zone.
There is a tight zone within which the coin has been trading and without the help of the buyers, a move above the current resistance zone seems unlikely.
In such as case, the asset could travel south in a matter of the text trading sessions.
Bitcoin Price Analysis: One Day Chart
Bitcoin was priced at $19,100 on the one-day chart | Source: BTCUSD on TradingView
BTC was trading for $19,100 at the time of writing. After trading around the $20,000 price level for a considerable period of time, the selling pressure intensified.
Overhead resistance for the coin stood at $20,200 but in between Bitcoin could make a stop at $19,600. A move above the $20,200.
If the coin continues to move down due to selling pressure, it could break below the $18,000 price mark and fall to trad...
|Top Exchanges Mark Readiness For Vasil, Can Cardano Rally To $1?
The Cardano Vasil hard fork is currently the second most anticipated upgrade in the crypto space, right behind the Ethereum Merge. This hard fork is just as important to the Cardano network as it not only improves the experience of developing on the network, it also strengthens the security of the blockchain. September has now been set as the month of the hard fork, and the most recent announcement from IOG shows that the network is almost there.
Top Exchanges Getting Ready For Vasil
Previously, IOG, the developer behind the Cardano network, had made it known that it needed to reach three different metrics for the hard fork to be completed. These included that at least 75% of all SPOs would have upgraded the final node version, the top 10 decentralized applications (DApps) would have upgraded to Vasil-supported nodes, and lastly, was that at least 25 top exchanges which represented 80% of all ADA liquidity would be ready for the upgrade.
The first two metrics had quickly been hit. This is no surprise given both of these requirements needed to be carried out by the SPOs and DApps who were already Cardano natives. The exchanges part has proven to be the most difficult. However, some exchanges have taken the bull by the horns and have since become ready for the hard fork.
Among the top exchanges that have reported readiness for Vasil are Gate.io, OKX, BTCTurk, and WhiteBit. All of these exchanges are now able to support ADA post-hard fork. IOG tweeted this on Tuesday in a...
|Ethereum Nears Another Milestone Ahead Of Merge, Rally Incoming?
Ethereum has been hitting different milestones in the last year. However, with the announcement of a set date for the move to proof of stake, aka the ‘Merge,’ there has been a flurry of activity on the network, pushing it towards even more impressive records. This time around, the milestone has come in the form of the total number of unique active addresses on the network.
Nearing 205 Million
The rate at which new unique and distinct Ethereum addresses are being added to the network has seen an incredible push. In just 2022 alone, there have been more than 21 million distinct addresses added to the network. The daily rate for growth is at almost 62,000 wallets.
Presently, the total number of distinct ETH addresses is sitting above 204.6 million. Going by the current daily rate, it will take less than one week for the total number of addresses on the Ethereum network to hit a new all-time high of 205 million.
To put in perspective how significant this milestone is, 5 years ago, in 2017, there were only about 18.4 million distinct ETH addresses. This means that the number of ETH addresses has risen more than 1,000% in the last half a decade.
ETH holds above $1,500 | Source: ETHUSD on TradingView.com
If the number of ETH distinct addresses continues to grow at the current rate, then this number will be at almost 220 million by the time 2022 draws to a close.
Another Rally For Ethereum? When the date for the Ethereum Merge had first been announced,...
|Bitcoin Price May Rally If Buyers Jump Above This Hurdle
Bitcoin price is back to struggling below the $20,000 price level. The coin over the last 24 hours has barely depicted any movement.
In the last week, Bitcoin price fell by 1.7%. Overall, the king coin has been consolidating at this price mark over the last week now.
The technical outlook of Bitcoin has remained negative as the charts have not been favouring bulls.
Broader market weakness has been prevailing for almost a few months now. Sellers have become more active in the past week.
Bitcoin at the moment has been trading at a 71% low as compared to its all-time high which happened a little less than one year ago.
Buyers have to reclaim the immediate price ceiling for the asset to defeat the bulls. If BTC trades above the overhead resistance mark for long enough then the bulls could again attempt to defend the $20,000 price level.
Bitcoin Price Analysis: Four-Hour Chart
Bitcoin was priced at $19,733 on the four-hour chart | Source: BTCUSD on TradingView
BTC was trading at $19,733 at the time of writing. Sellers had taken over the market as the volume of Bitcoin traded decreased in the last trading session.
The bulls have been facing constant resistance at the $20,000 price level.
Constant and continued rejections could push Bitcoin price to trade near the $18,000 support level. If buyers reclaim the $20,000 level, the other stiff resistance mark stood at $21,600.
Once the buyers topple that level, Bitcoin price could experience a rally. On the other hand, one push from the ...
|Why Axie Infinity (AXS) Could Rally After Hide And Seek, Eyes $20
Axie Infinity (AXS) has recently shown significant strength against tether (USDT) as the price prepares for a rally to the $20 mark. Bitcoin's (BTC) price continues to fluctuate, despite occasional surges. The price of Axie Infinity (AXS) has been difficult to break above $15, but it could be set to make the difference.(Data from Binance)
Axie Infinity (AXS) Price Analysis On The Weekly Chart
AXS's price has dropped from $70 to $10, and it is even struggling to stay afloat during the bear season. The price of AXS recently showed a glimmer of hope, rising from $13 to $15 as more buyers purchased this coin.
AXS price saw a weekly low of $11 before rebounding to $14 before encountering resistance to breaking above. The price of AXS remains above $13 because it has proven to be of interest to buyers.
AXS has moved from this region to $15 as the price looks promising, with good volume ahead of the new weekly close.
If AXS continues with this volume on the weekends, we could see the price of AXS facing its first major resistance at $20.
Weekly resistance for the price of AXS - $20.
Weekly support for the price of AXS - $13.
Price Analysis Of AXS On The Daily (1D) Chart
Daily AXS Price Chart | Source: AXSUSDT On Tradingview.com
After falling to a daily low of $13, the price of AXS on the daily chart bounced off this area as it formed good support; the price rallied to the $15 region with a good volume of buyers ahead of the daily and weekly closes.
For AXS to break abov...
|Does The U.S. Dollar Rally Poses A Danger For Bitcoin? BTC Loses $20,000...
Bitcoin continues to trade in a tight range with low volatility between the high area north of $19,000 and $20,000. The cryptocurrency is moving about critical support, but macroeconomic factors threaten to push it into previous lows.
At the time of writing, Bitcoin (BTC) trades at $19,700 with a 1% and 8% loss in the last 24 hours and 7 days, respectively. The cryptocurrency’s performance has been affecting the entire sector as Ethereum (ETH), Binance Coin (BNB), and another retrace to early August levels.
BTC's price moving sideways on the 4-hour chart. Source: BTCUSDT Tradingview
At these low volatile levels, the battle between bulls and bears seems more evident. Bitcoin was able to close its August monthly candle about critical support which could contribute to a potential relief.
However, the U.S. dollar presents a potential short-term hurdle for risk-on assets. Data from a crypto analyst indicates that the currency broke about an important resistance and might make a fresh run into levels last seen in 2003.
As seen below, the U.S. dollar, as measured by the DXY Index, breach the resistance at 109 and could move into a multi-year high of 111 before re-testing previous levels. This breakout must be confirmed by a daily candle close but seems likely to extend as the dollar consolidated below resistance before running higher.
According to crypto analyst Justin Bennett, this U.S. dollar rally poses a risk for digital assets:
The argument against a rally for risk asset...
|Shiba Inu Burn Events Spark A Rally In Altcoin Over The Past Weeks
Shiba Inu community forecast a 111 trillion SHIB burn, which spurred holders of SHIB to be bullish.
According to the Shiba Inu community, 111 trillion SHIB could be burnt in the upcoming year
SHIB owners may have been anticipating a positive indication when they saw a large burn
Crypto's price is set to recover its losses, according to analysis of the SHIB chart's rising formation
Over the past two months, a surge in the meme coin has been brought on by the Shiba Inu burn events. The community of SHIB holders remains to be concerned about the burn.
SHIB BPP shared a prediction that 111 trillion Shiba Inu will burn over the course of the next year on the community-focused discord channel for the coin.
In the coming year, according to SHIBQueenie, the community's Discord channel admin, 111 trillion could be destroyed.
SHIB Decouples From BTC
According to CoinMarketCap, SHIB has plunged by 1.99% or is trading at $0.00001305 as of this writing.
Shiba Inu had a modest 0.25, or 25%, 30-day price trend with Bitcoin. One interpretation is that the price of SHIB is becoming increasingly uncorrelated with Bitcoin's, suggesting that broader market fluctuations have less of an effect on its value.
For comparison, the 30-day correlation between Bitcoin and the stablecoins Tether (USDT), USDC, and Binance USD was 0.21, 0.23, and 0.27, respectively. With a correlation of up to 0.96, other crypto such as Polygon (MATIC) have a robust connection with BTC.
For investors looking to diversif...
|Crypto Market Rally Stopped Short Ahead Of Reaching Full-Blown Greed
Data shows the crypto market sentiment almost entered into the greed territory before the latest rally came to an end.
Crypto Fear And Greed Index Shows Investors Are Fearful Right Now
According to the latest weekly report from Arcane Research, the market sentiment is currently just floating above the extreme fear region.
The 'fear and greed index' is an indicator that tells us about the general sentiment among investors in the crypto market.
The metric uses a numeric scale that runs from zero to hundred for representing this sentiment. When the value of the index is above 50, it means investors are being greedy at the moment.
On the other hand, values of the indicator below this threshold suggest that the market is being fearful right now.
End values of more than 75 and less than 25 imply sentiments of 'extreme greed' and 'extreme fear,' respectively. Historically, tops have tended to form during periods with the former sentiment, while bottoms have took place in the latter ones.
Now, here is a chart that shows the trend in the crypto fear and greed index over the past year:
The value of the metric seems to have plunged down in recent days | Source: Arcane Research's The Weekly Update - Week 33, 2022
As you can see in the above graph, the crypto fear and greed index had been steadily rising up during July and first half of August after being stuck in the extreme fear territory for a while.
With the latest rally in the prices of coins like Bitcoin, the market sentiment impr...
|Bitcoin Cash BCH Sparks Light Of Hope, Can It Rally To $200 Resistance?
The price of Bitcoin Cash (BCH) has sparked a glimpse of hope against Tether (USDT) as it attempts to flip key resistance with eyes set on $200. The price of Bitcoin Cash in recent weeks has been more gloomy as many altcoins rallied and produced gains of double digits while BCH continues to range. (Data from Binance)
Bitcoin Cash (BCH) Price Analysis On The Weekly Chart
Weekly BCH Price Chart | Source: BCHUSDT On Tradingview.com
From the chart, the price of BCH saw a weekly low of $112, which bounced from that area and rallied to a price of $130 after showing great recovery signs in recent weeks.
BCH’s weekly candle closed with bearish sentiment, with the new week's candle looking bullish, showing signs of strength after rejection from $135.
The price has struggled to gain traction as it attempts to hold key support.
If the price of BCH on the weekly chart maintains this structure, it could quickly return to $135 and form support above this range. To avoid falling below, the price of BCH must break and hold this support zone.
Weekly resistance for the price of BCH - $135.
Weekly support for the price of BCH - $112.
Price Of BCH On The Daily (1D) Chart
Daily BCH Price Chart | Source: BCHUSDT On Tradingview.com
With more buy orders, the price of BCH could break to the upside after forming a range in a wedge.
|Bitcoin Corrects 17%, But Market Expects Fresh Rally Report Says
Bitcoin has been trading in the red over the past few days and seems on track for further losses over the short term. The cryptocurrency gave back a large portion of its profits since the start of August and could re-test support at around $20,000.
At the time of writing, Bitcoin (BTC) trades at $21,200 with sideways movement over the past 24 hours and a 13% correction over the past week. Market participants are keenly watching these levels, as the entire crypto market might be hanging by a thread.
BTC's price moving sideways on the daily chart. Source: BTCUSDT Tradingview
In the meantime, all eyes are set on the U.S. dollar, as measured by the DXY Index. The currency tumbled from a yearly high north of 100 and entered a period of accumulation and sideways price action.
Now, bulls are attempting to reclaim levels last seen at the beginning of the millennium as the U.S. dollar approaches 110 and targets 120. Analyst Will Clemente says the following on the U.S. dollar and its potential to hit that mark and record further profits:
DXY screaming higher - can't even draw a proper parabola looks too ridiculous
DXY Index trends to the upside on the monthly chart. Source: William Clemente via Twitter
NewsBTC has been following the DXY’s price action in the past week as Bitcoin and the crypto market seem to be negatively correlated with the currency. In that sense, the more the dollar trend upwards, the further the crypto market could retrace.
Analyst Justin Bennett believes cr...
|Bitcoin Miners Take in Bear Rally Profits by Selling More Than 6,000 BTC...
Bitcoin's value against the U.S. dollar lost 7.3% during the last 24 hours after more than $600 million in value was removed from the $1.07 trillion crypto economy. Statistics show that a number of bitcoin miners capitulated over the last two weeks, selling 5,925 bitcoin worth millions, according to cryptoquant.com data.More Than 6,100 Bitcoin Sold Since the First of the Month, Following a Brief Miner Capitulation Pause
Bitcoin's U.S. dollar value slid from $23,593 per unit to $21,268 per coin at 8:30 a.m. (EST) on Friday morning. More than $600 million has been erased from the crypto economy during the last day as BTC lost 7.3% and ETH shed 7.4%. A number of other coins lost value against the U.S. dollar as well as BNB dipped by 5%, XRP slipped by 9%, and ADA lost 10.3% during the past 24 hours.
According to data stemming from cryptoquant.com shared by Ali Martinez bitcoin miners capitulated during the last 14 days. 'Bitcoin miners appear to have taken advantage of the recent upswing to book profits,' Martinez said. 'Data shows that miners sold 5,925 BTC in the last two weeks, worth roughly $142 million.'
Following Martinez's tweet, cryptoquant.com data shows more than 6,100 BTC have been sold since the first of August. The web portal's Miners' Position Index says bitcoin miners are 'moderately selling' bitcoin. Using today's crypto market values, 6,100 BTC equates to $130.80 million, a much lower value than Martinez's quote price.
Miners took a break from selling BTC afte...
|Bitcoin and Ethereum Plunge as Merge Rally Cools Off: This Week's Crypto...
Things took a turn for the worse in the past seven days as the leading cryptocurrencies plunged. The total market capitalization is down some $115 billion in seven days as multiple leading coins dropped by double-digit percentages. With that said, let's unpack.
Bitcoin trades at around $21,500, which is exactly 10% below its price at this time last week. The leading cryptocurrency by means of total market capitalization failed to overcome the critical resistance at $25K, and, with the exception of a few brief periods, the price was going down only.
Bitcoin's dominance - the metric that tracks BTC's share relative to that of the entire market - currently sits at 38.55%. This is more or less the same as it was seven days ago, which means that the altcoins failed to capitalize on Bitcoin's indecisiveness.
Ethereum's price crashed by about 9.5%, and it currently trades at $1,700. Many in the industry are worried that the Merge rally might be cooling off. Also, it's worth noting that the Chicago Mercantile Exchange also announced plans to launch options for Ether futures on September 12th, which might also be part of the reason for the decline.
It's also no surprise that most of the conversations in the industry are centered around Ethereum's transition to proof-of-stake, as well as what the implications of this move might be. Arthur Hayes, the former CEO and co-founder of BitMEX is of the opinion that ETH's price will skyrocket the way BTC does after a halving.
Binance coin is do...
|Bitcoin Bull Rally Fades, Mining Difficulty Surge By 0.63%
As the bear hug gets tighter, the price of Bitcoin may drop below $21,000. Recent price movements saw a high of $25,135 and a low of $23,243. The short-term aim for the declining price trend is a drop to $21,000–$20,000.
Bitcoin Bulls Loses Steam
On August 18, Bitcoin, the leading digital asset, is battling to hold over $23,500 as it tries to maintain an upward trend that has been growing for the past two months.
The bulls' dominance is clearly dwindling on the daily bar chart, and they will soon need to show greater tenacity to continue a price climb.
bitcoinBTC/USD trades at $23k.
In just one week, the Crypto Market Fear and Greed Index dropped from 47 to 30, and in just one day, it went from 41 to 30.
This week's additional selling pressure could either reverse the upward price trend or put it in an even more vulnerable situation.
Additionally, the MVRV 7-day Detrend Oscillator has developed a negative divergence pattern in response to the recent Bitcoin price trend. It implies that the price of BTC can drop below $21,000. By removing long-term price noise, applying a detrend filter to the price trends makes it easier to spot market bottoms and peaks.
Bitcoin (BTC) MVRV 7D Detrend Filter. Source: CryptoQuant
Long-term Bitcoin prices have been falling, particularly since November. However, over the past month, the price has increased. The daily timeframe declining channel shows that the BTC price was poised to break above the channel but fails to do so due to the $...
|The Merge Will Rally Ethereum Like a Bitcoin Halving: Arthur Hayes
In his latest blog post, former BitMEX CEO Arthur Hayes broke down how he expects Ethereum traders to react before and after the merge.
Based on the technicals of the upgrade, he suspects that Ethereum will rally after a successful transition in September, similarly to how Bitcoin rallies during its periodic halving cycles.
The Theory of Reflexivity
In an article titled “ETH-flexive,” Hayes centers his bullish thesis around George Soros’s “theory of reflexivity.” The theory posits that there is a feedback loop between market prices, and the expectations held by market participants for a given market situation.
In the context of the merge, Hayes believes this phenomenon can rally Ethereum’s price due to the reflexive relationship between its price, and its deflationary properties.
“If the merge is successful… traders will buy ETH today, knowing that the higher the price goes, the more the network will be used and the more deflationary it will become, driving the price higher, causing the network to be used more, and so on and so forth,” he explained. “This is a virtuous circle for bulls.”
The merge will usher in two major changes for Ethereum: it will shift its consensus mechanism from proof of work to proof of stake, and also reduce ETH’s supply issuance rate by roughly 90%. This has led some to nickname the event the 'triple halving.'
Combined with EIP-1559 – which burns ETH out ...
|TA- Alien Worlds (TLM) Set For A Major Rally As Market Looks Promising
The price of Alien Worlds (TLM) has struggled to break out of a range recently with few bullish signs against Tether (USDT).
Alien worlds could be set for a major rally after narrowly holding above key support as other crypto assets continue to trend higher.
Alien Worlds (TLM) Price Analysis On The Weekly Chart
Weekly Chart Analysis For TLM Price | Source: TLMUSDT On Tradingview.com
From the chart, the price of TLM saw a weekly low of $0.02, which bounced from that area and rallied to a price of $0.0313.
The price has struggled to build more momentum as it faces resistance at $0.031.
If the price of TLM on the weekly chart continues with this structure, it could quickly revisit $0.02 acting as a good support area for buy bids.
Weekly resistance for the price of TLM - $0.0313.
Weekly support for the price of TLM - $0.02.
Price Analysis Of Alien Worlds On The Daily (1D) Chart
Daily Chart Analysis For TLM Price | Source: TLMUSDT On Tradingview.com
The price of TLM found strong support at $0.021, with what seems to be an area of interest on the daily chart.
TLM bounced from its support and has rallied as it faces resistance at $0.032. The price of TLM has continued to range in a channel, breaking out of this channel could send the price of TLM to $0.04 where it will face a major resistance before trending higher in price.
At the point of writing, the price of TLM is at $0.032, above the 50 Exponential Moving Average (EMA) which corresponds to $0.03.
|Bitcoin Price Gears Up For Another Rally After Testing $25,000
Bitcoin price has been bouncing up and down over the last couple of weeks, but the digital asset has finally found its direction. With this recent recovery, the price of bitcoin has made its way to sit comfortably above $24,000 presently. The digital asset had tested one of the most coveted spots on Sunday but had sadly been rejected. That has not stopped it, though, as bitcoin is gearing up for another rally towards $25,000.
$25,000 For Bitcoin Price
After touching $25,000 on Sunday, the bitcoin price had taken a swift beating down. This led to an inevitable slump below $24,000 but would prove to only last for a short time. After being pushed back down, bitcoin was able to find support just below $24,000 and used that as a bounce-off point to regain strength above the technical level.
Even with the decline, it had been able to hold well above the 50-day moving average, thereby keeping its bullish trend on track. What this shows is that bitcoin is not ready to give up the fight at $25,000 just yet. Instead, it is expected that another test of this resistance level will happen on Monday.
This is all happening ahead of the US trading hours, so it is expected that once this side of the world begins trading activities, then there will be another push upward. Additionally, bitcoin’s ability to quickly recover above $24,000 shows significant strength on the 24-hour chart.
The next resistance for bitcoin’s price is currently sitting at $24,765. However, at this p...
|Bitcoin, Ethereum Technical Analysis: BTC Lower, Following Brief Rally A...
Bitcoin was trading lower to start the week, after the token briefly rose above $25,000 during Sunday's session. As of writing, the global cryptocurrency market cap is currently trading 2.85% lower. Ethereum also dropped lower on Monday, with prices moving away from a recent high above $2,000.
After a brief stint above $25,000 over the weekend, bitcoin (BTC) was trading in the red to start the new week.
On Sunday, BTC/USD hit an intraday high of $25,135.59, however the world's largest token slipped to a bottom of $23,960.03 today.
Sunday's high was the most bitcoin has traded at since June 14, when prices of the token were over $26,700.
Looking at the chart, today's decline in price comes after a resistance level of $24,800 was hit over the weekend, with bulls unable to sustain the uptrend required to push prices higher.
In addition to this, the 14-day relative strength index (RSI) is tracking at 56.44, which comes after failing to break out of a ceiling of 61.80.
This continues to be the main obstacle in the way of BTC rising back above $25,000 for a longer period of time.
In addition to BTC falling below $25,000, ethereum (ETH) also slipped to start the week, as the token dropped below $2,000.
Over the weekend, prices of the world's second-largest token by market capitalization moved above $2,000 for the first time since May.
|TA: Ethereum Gearing For Another Lift-Off to $2k: Rally Isn't Over Yet
Ethereum gained pace and cleared the $1,800 resistance against the US Dollar. ETH is rising and might continue to rise towards the $2,000 resistance zone.
Ethereum remained well bid above the $1,800 support and climbed further higher. The price is now trading above $1,820 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,880 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise further higher towards the $1,980 and $2,000 levels. Ethereum Price Eyes More Upsides
Ethereum remained well bid above the $1,750 level. ETH gained pace after there was a clear move above the $1,800 resistance zone. It even climbed above the $1,880 level.
There was a spike above the $1,920 resistance and the price traded as high as $1,943. Recently, there was a downside correction below the $1,900 level. Ether price tested the 23.6% Fib retracement level of the recent increase from the $1,655 low to $1,943 high.
However, the price remained well bid above the $1,880 level. There is also a key bullish trend line forming with support near $1,880 on the hourly chart of ETH/USD.
Source: ETHUSD on TradingView.com
Ether price is now trading above $1,820 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,920 level. The first major resistance is near the $1,940 level. A clear move above the $1,940 level could start a steady increase to $2,000. If there are more upsides, the price...
|TA: Ethereum Could Rally If It Clears This Key Breakout Zone
Ethereum dived towards $1,000 before it found support against the US Dollar. ETH is now correcting higher and facing a key hurdle near USD 1,125.
Ethereum extended decline towards $1,000 before it found support. The price is now trading above $1,080 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $1,100 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $1,125 resistance zone. Ethereum Price Finds Support
Ethereum remained in a bearish zone below the $1,100 support zone. ETH extended decline below the $1,050 and $1,040 levels. However, the bulls appeared above the $1,000 support zone.
A low was formed near $1,014 and the price started a fresh increase. The bulls gained strength for a move above the $1,050 and $1,060 resistance levels. Ether price climbed above the 23.6% Fib retracement level of the downward move from the $1,275 swing high to $1,014 low.
Besides, there was a break above a key bearish trend line with resistance near $1,100 on the hourly chart of ETH/USD. Ether price is now trading above $1,080 and the 100 hourly simple moving average.
An immediate resistance on the upside is near the $1,125 level. The first major resistance is near the $1,145 zone. It is near the 50% Fib retracement level of the downward move from the $1,275 swing high to $1,014 low. A clear move above the $1,145 level could send the price higher.
Source: ETHUSD on TradingView....
|Solana Glints With 14% 3-Day Rally – Will SOL Keep On Beaming?
Over the past 24-four hours, Solana (SOL) maintained a strong position above the $35.00 support level and displayed a reversal pattern indicating a rebound.
As of this writing, SOL is trading at $36.86, up 13% in the last seven days, data from Coingecko show. SOL currently has a trading volume of $1,177,991,581, down 24% in the last 24 hours.
The support zone for SOL is between $20 and $30. SOL was in a sideways market for 24 days after it plummeted to the support zone, and ultimately the cryptocurrency began to make a modest reversal.
Solana 3-Day Ascent: Bulls Take Charge
The price of Solana has began a commendable reversal after a disastrous decline in recent weeks. Since the upper low at $31 was written on the final day of June, the bulls have constructed a 14 percent three-day rally starting July 5.
A golden cross of the 8- and 21-day simple moving averages (SMAs) provided the Bulls with a valid entry signal on July 6. At $35, there was a brief liquidity hunt to shake out weak positions.
Suggested Reading | Bitcoin Drills Into $22,000 Level – But Not All BTC Investors Are Jubilating
Traders are currently observing 'FOMO' traders who set their original trade's invalidation level below the SMAs enter the market.
On the daily price chart, the price of Solana is attempting to hold near the ascending trendline. Immediately after departing the ascending curve, SOL has been consolidating within the horizontal range-bound area.
However, the cryptocurrency can return to the...
|Bitcoin Regains Some Luster With 15% Rally To $21,700 – Can It Mai...
Bitcoin could be up with some positive vibe in the coming days.
Following last week's calamitous meltdown that chopped more than 30 percent off the value of prominent cryptocurrencies, including Bitcoin, the broader crypto markets have made a modest comeback.
After a sharp decline, Bitcoin's price has stabilized at $17K, which is a far cry from its all-time peak in November of last year. According to experts, this price range is a crucial support zone for the cryptocurrency.
Sunday's Coingecko statistics indicates that Bitcoin (BTC) has increased by more than 14% over the past week, trading at $21,700 at the time of writing.
Suggested Reading | Sandbox (SAND) Blows Up 20% Over Last 24 Hours Following ‘Takeover’ Rumors
Bitcoin Gets Some Good Dose Of Optimism
Bitcoin rose beyond the top limit of its trading range on Friday as optimism settled back into the expectations of traders.
Since Wednesday, when it dipped below $20,000, the BTC/USD pair has risen, while U.S. markets have cooled ahead of the weekend.
Earlier this month, the leading cryptocurrency by market capitalization plummeted below $17,600 due to severe selling pressure. According to CoinGecko data, Bitcoin plunged by as much as 69% from its record high.
Bitcoin's mining difficulty achieved its second-largest decline for 2022 on Thursday.
Bitcoin's slump has paused after a quick decline from $32,000 following the breakout of a bearish flag. The $17K-$20K region of the coin's ATH is providing stable founda...
|XRP On Course For Meteoric Rally As Ripple Explores Potential Acquisitio...
Ripple, the blockchain firm behind the XRP cryptocurrency, is ready to expand through a series of mergers and acquisitions.
According to a CNBC report, the company is seeking out world-class acquisition opportunities as it hopes to bolster growth by buying other startups.
Ripple Is Looking For Lucrative Acquisitions
Ripple has been rather active in the merger and acquisition (M&A) space during most of its history, purchasing companies like Trianglo, Algrim, and Logos, among others. Despite being mired in a publicized battle with the U.S. Securities and Exchange Commission (SEC), the company has not slowed down on its expansion plans.
As you are no doubt aware, the SEC dropped the bomb on Ripple in December 2020 by suing the company and two of its top execs for allegedly issuing and selling unlicensed securities in the form of the XRP cryptocurrency.
In a chat with CNBC, Ripple CEO Brad Garlinghouse revealed that the firm’s balance sheet is very strong. He speculated there will be many mergers and acquisitions in the crypto industry in the near future, noting that Ripple would highly consider such things.
Garlinghouse emphasized that Ripple is at a juncture where it’s “more likely to be the buyer versus the … seller.”
Is The Breakthrough XRP Needs Near?
With its capital and resources, Ripple has been striving to build a more manageable ecosystem for developers to create projects around XRP, subsequently incenti...
|Celsius (CEL) Price Scorches To 130% Rally Despite Frozen Network Accoun...
The native cryptocurrency of Celsius Network – CEL – has surged over 130 percent in the past 24 hours. The surge occurred as a result of the crypto market's relief following many days of precipitous declines.
The Celsius token shed by more than half its value to reach $0.20 on June 13. Since then, CEL has gained an upward trajectory.
The price of CEL has increased by an astonishing 375 percent over the previous week, representing the most growth among the top 100 cryptocurrencies. As of the time of writing, the token's average price is $1.51.
Suggested Reading | Shiba Inu Now The Largest ETH Whales’ Holding Despite Crypto Market Turmoil
Celsius (CEL) 24-Hour Volume Skyrockets To Over 400%
Its 24-hour trading volume has ballooned to more than 400%, reaching $66.7 million. Approximately $1.78 million worth of CEL holdings were liquidated as a result of this large transaction, according to statistics from Coinglass.
The news that Celsius Network has begun re-paying some of its obligations, returning $10 million in DAI to Compound Finance, and its public commitment to cooperating with regulators to improve liquidity and operations could assist the broader cryptocurrency sector in gaining traction.
According to data from Etherscan, Celsius has made many other repayments and closed positions with lenders over the past week.
Crypto total market cap at $926 billion on the daily chart | .com
The CEL token has experienced a dramatic ascent ...
|TA: Ethereum Could Rally If The Bulls Clear This Key Resistance
Ethereum started an upside correction from the $880 zone against the US Dollar. ETH is rising and attempting an upside break above the $1,150 resistance zone.
Ethereum started an upside correction above the $1,000 resistance zone. The price is now trading above $1,000 and the 100 hourly simple moving average. There is a short-term contracting triangle forming with resistance near $1,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a steady increase if it clears the main $1,150 resistance zone. Ethereum Price Faces Key Barrier
Ethereum started a decent upward move from the $880 support zone. ETH climbed above the $950 and $1,000 levels to move into a short-term bullish zone.
The bulls pushed the price above the 50% Fib retracement level of the key decline from the $1,255 swing high to $880 low. Finally, there was a move above the $1,100 level. However, ether price is now facing a major resistance near the $1,150 and $1,160 levels.
The price is now trading above $1,000 and the 100 hourly simple moving average. It is also above the 23.6% Fib retracement level of the upward move from the $880 swing low to $1,174 high.
Besides, there is also a short-term contracting triangle forming with resistance near $1,150 on the hourly chart of ETH/USD. An immediate resistance is near the $1,150 level. The next major resistance is near the $1,160 zone. A clear move above the $1,160 resistance zone may perhaps start a steady upward move.
Source: ETHUSD on Tradi...