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STRONG

StrongBlock  

#STRONG

STRONG Price:
$6.56
Volume:
$77.2 K
All Time High:
$1,248
Market Cap:
$3.1 M


Circulating Supply:
472,470
Exchanges:
4+
Total Supply:
520,989
Markets:
5
Max Supply:
Pairs:
8



  STRONG PRICE


The price of #STRONG today is $6.56 USD.

The lowest STRONG price for this period was $0, the highest was $6.56, and the exact current price of one STRONG crypto coin is $6.55886.

The all-time high STRONG coin price was $1,248.

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


  STRONG OVERVIEW


The code for StrongBlock crypto currency is #STRONG.

StrongBlock is 2.5 years old.


  STRONG MARKET CAP


The current market capitalization for StrongBlock is $3,098,867.

StrongBlock is ranked #734 out of all coins, by market cap (and other factors).


  STRONG VOLUME


There is a modest volume of trading today on #STRONG.

Today's 24-hour trading volume across all exchanges for StrongBlock is $77,230.


  STRONG SUPPLY


The circulating supply of STRONG is 472,470 coins, which is 91% of the total coin supply.

A highlight of StrongBlock is it's unusually low supply of coins, as this tends to support higher prices due to supply and demand in the market.


  STRONG BLOCKCHAIN


STRONG is a token on the Ethereum blockchain.


  STRONG EXCHANGES


STRONG is available on several crypto currency exchanges.

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


  STRONG RESOURCES


Websitestrongblock.io
Whitepaperstrongblockio.medium.com/strongblock-flash-paper-e...
TwitterStrongblock_io
Telegramstrongblock_io
Mediumstrongblockio


  STRONG DEVELOPER NEWS



StrongBlock Nodes-as-a-Service upgrades to STRNGR token

StrongBlock, which pioneered Nodes-as-a-Service (NaaS) by rewarding node creators for their participation, is excited to announce it will be upgrading its NaaS DApp platform to the Stronger (STRNGR) token on April 5, 2022, Pacific Time. For several hours prior to the upgrade, claiming of STRONG will be disabled. This will be announced on Twitter, on the Website, and in the DApp. STRONG within the NaaS DApp platform will be automatically upgraded to STRNGR on a 1:1 basis. No action will be required by anyone already participating in the platform. After the upgrade is complete, STRNGR will replace STRONG as the token used to create nodes within the NaaS DApp in current and upcoming protocols, as well as the reward token for the NaaS DApp. This platform-wide upgrade will include contributions and rewards for:Ethereum 1.0 NodesPolygon NodesDVPN NodesStrongPool miners For the Ethereum 2.0 pool, only contributions will be upgraded to STRNGR. Rewards in that pool will continue to be in ETH. The following LP pools will only have rewards upgraded to STRNGR.UNI-V2 LP STRONG-ETHUNI-V2 LP LINK-STRONG Since these two pools require mining with LP tokens that incorporate the STRONG token, mining into them will be disabled when the upgrade takes place. A new mining pool will be created for STRNGR-ETH LP tokens. These LP tokens can be created by providing liquidity in a Uniswap STRNGR-ETH pool that will be created — and initial li...




Fantom Nodes available soon through StrongBlock Nodes-as-a-Service

StrongBlock, the pioneer in Nodes-as-a-Service (NaaS) offerings that reward node creators for their participation, is excited to announce it will soon be launching full blockchain nodes for Fantom, a layer 1 EVM-compatible platform. StrongBlock’s mission is to provide non-technical users the ability to launch and operate full blockchain nodes to increase blockchain strength, incentivizing them with STRONG and native protocol tokens. StrongBlock provides a significant opportunity for expansion and support of the Fantom network. Over 77,000 nodes have already been created through the StrongBlock platform by over 11,000 participants. In doing so, StrongBlock provides resources to networks seeking security, diversity, and decentralization. StrongBlock’s infrastructure will provide significantly more Fantom full nodes, expanding their reach beyond its existing capacity. “The STRONG node army is growing and vibrant. We’re excited to provide Fantom node-launching to them,” said David Moss, StrongBlock Founder. “The node army marching into the Fantom ecosystem will increase awareness and expand adoption. It’s amazing to watch.” Fantom has agreed to subsidize a portion of node rewards through a grant of FTM tokens to the StrongBlock community. StrongBlock also plans to develop innovative validator and node pool initiatives on Fantom in the future. StrongBlock is also exploring becoming a Fantom validator. “We’re ...




StrongBlock Cross-Chain and Nifty-Fi

Overview As detailed in the StrongBlock Flash Paper, nodes provide crucial blockchain data, yet aren’t rewarded — so there’s no reason for them to stay in compliance. To solve this problem, StrongBlock provides easy-to-use tools to launch compliant blockchain nodes in seconds, rewarding operators for running them. With over 32,700 Ethereum nodes already launched and being rewarded as of this writing, StrongBlock has democratized node creation by allowing non-technical people to participate in blockchains and make a difference. We’re preparing to launch nodes for many more protocols from our platform. Some of these protocols — like Sentinel DVPN nodes on the Cosmos blockchain — will not be Ethereum-based. That’s in line with our mission to be blockchain agnostic. Yet there’s a reason we chose Ethereum to start.Cross-Chain Like Ethereum, Disneyland has great rides and amazing variety, but it’s hot, crowded and expensive. Like Yogi Berra once said, “No one goes there nowadays, it’s too crowded.” We’ve all heard a lot about the rise of Ethereum killers. Yet no Ethereum killer has yet achieved Ethereum’s massive network effect. In other words, everyone goes to Ethereum, even though it’s hot, crowded and expensive. Because everyone is there. When we launched our Nodes-as-a-Service (NaaS) platform in December, 2020, we chose Ethereum Virtual Machine (EVM) as our protocol due to its portabi...




Sentinel and StrongBlock Combine Forces for Greater dVPN Node Availability

Sentinel, a one-of-a-kind network layer that allows the development of third-party and white-label decentralized Virtual Private Network (dVPN) applications, is excited to announce its integration with StrongBlock, the leading Nodes-as-a-Service (NaaS) provider. StrongBlock launches and operates full blockchain nodes for non-technical users to increase blockchain strength, rewarding them with STRONG or native protocol tokens. With this integration, the stage is set for Sentinel’s dVPN to expand in scope and utility, while creating new use cases for the network. With over 5,800 operators running 23,000+ nodes, StrongBlock allocates resources to networks seeking security, diversity, and decentralization. By combining forces with Sentinel, a network that has over 300,000 global users of dVPN applications, StrongBlock’s infrastructure will provide significantly more dVPN nodes, expanding Sentinel’s dVPN bandwidth far beyond its existing capacity. Combined, the two organizations will provide a truly decentralized VPN that surpasses the performance and user experience of existing centralized competitors such as NordVPN, ExpressVPN, Mullvad, and TunnelBear, all of which have single points of failure due to their centralized architecture. Providing nodes for Sentinel is a leap forward in StrongBlock’s long-term strategy of increasing node ecosystem support across blockchain protocols, while providing value generation to the n...




StrongBlock launches STRONG Listing on ChainSwap

StrongBlock is pleased to announce that the $STRONG token is now listed on Antimatter’s ChainSwap Exchange. $STRONG token holders can now seamlessly bridge STRONG from ETH to Binance Smart Chain (BSC), or ETH to Huobi Eco Chain (HECO), with more chains to follow. Listing on ChainSwap makes $STRONG tokens more accessible across chains and the broader DeFi ecosystem, opening up endless possibilities for further cooperation, as well as added awareness and market adoption. By providing a token bridge to BSC and HECO, STRONG users can now immediately take advantage of the lower transaction fees, faster processing times, and the ability to trade on BSC’s Pancake Swap. This token bridge is an important step in StrongBlock’s overall strategy of moving to Ethereum side-chains and L2 solutions for most user transactions. This will result in dramatically lower gas fees for new nodes, pools, vaults, farms, and other components, and allow further integration of NFT’s and gamification into the StrongBlock ecosystem. Please note that you may come across fake $STRONG on BSC and HECO, just like on Ethereum, so always be careful and double check the contract address, which is the same on all three chains. The STRONG contract address on all three chains: ETH mainnet: https://etherscan.io/token/0x990f341946A3fdB507aE7e52d17851B87168017c BSC mainnet: https://bscscan.com/address/0x990f341946a3fdb507ae7e52d17851b87168017c HECO mainnet: ht...




StrongBlock and DAO Maker Enter Strategic Partnership

StrongBlock is pioneering monetized node operation, utilizing DeFi protocols and NFT’s to further incentivize the node community. StrongBlock’s Nodes As A Service (NaaS) allows anyone to run a node without technical expertise, creating a seamless on-ramp to attract more users to build and strengthen their blockchain of choice. By partnering with StrongBlock, DAO Maker expands its ecosystem to a community with over 11,000 nodes, adding this service as an optimal solution for our blockchain partners to efficiently enable network security in a fraction of the time. DAO Maker will assist the strategic expansion of StrongBlock from Ethereum 1.0 to additional blockchains, enabling business collaboration to maximize network benefits within the DAO Maker Ecosystem and beyond. About DAO Maker Founded in 2018, DAO Maker creates growth technologies and funding frameworks for startups while simultaneously reducing investors’ risks. DAO Maker provides leading solutions in community incubation, fundraising, and other growth-related techs for tokenized businesses, featuring Social Mining SaaS for community growth, DYCO & SHO for fundraising support, and upcoming Venture Bond & YieldShield to create safe environments for retail investors. For more information, please visit: https://daomaker.com/ About StrongBlock StrongBlock, led by blockchain and enterprise software veterans including CEO David Moss, CTO Brian Abramson, and...




StrongBlock Flash Paper

Overview StrongBlock is the first and only blockchain-agnostic protocol to reward nodes for supporting the infrastructure of their blockchain. Why incentivize nodes? With limited resources and no financial incentive, many nodes run out-of-date software, maintain incomplete blockchain histories , and are intermittently off-line. There is no easy mechanism to fix this problem once a blockchain is launched. To solve this, StrongBlock has made it possible for anyone to create a node in seconds — or add their own node — and receive STRONG token rewards every day. More nodes equals more resilience. At the time of writing, StrongBlock is rewarding over 1700 Ethereum 1.0 nodes, representing more than 15% of all Ethereum active nodes. This paper provides details of how the protocol uses incentives and governance to prioritize the safety and sustainability of node rewards, compounding value for token holders by regularly reducing supply. Currently, only Ethereum 1.0 Full Nodes are eligible for STRONG rewards. Ethereum 2.0, Bitcoin and other protocols will be eligible at a later date.Team The StrongBlock team is composed of blockchain and enterprise software veterans including CEO David Moss, CTO Brian Abramson, and CPO Corey Lederer.STRONG Facts and DefinitionsSTRONG: A governance token, enabling decentralized protocol governanceName: StrongSymbol: STRONGTYPE: ERC-20Decimals: 18Original Supply: 10,000,000Burned: 9,472,2...




StrongBlock Nodes as a Service (NaaS)

StrongBlock Nodes as a Service StrongBlock is excited to present the details of its “Nodes as a Service” (NaaS) offering. This initiative allows anyone to create a Full Ethereum node in a few seconds with no technical expertise. In addition, a number of updates have been made to the protocol to reduce Ethereum gas fees and inflation. These changes require a migration from current mining pools to new ones. Most of this will either be done for you, or a tool will be provided. Details follow.Nodes as a Service Since the launch of the StrongBlock DeFi node protocol, over 350 nodes have been registered for rewards by the user community. Internally, we have been calling this “Bring your own Nodes” (ByoN). We applaud this effort, especially because it is quite difficult to create your own Ethereum node. For those unable to accomplish this, there has been some node-envy: many people have expressed to us that they want to create a node, but it’s beyond their technical capabilities. To address this, we had always planned to create an easy to use NaaS offering as part of our roadmap. Its release was delayed due to our need to focus on reducing inflation and gas fees in the first two releases of the smart contracts that run the protocol. Today we are introducing our NaaS, allowing ANYONE to create an Ethereum 1.0 full node (with Ethererum 2.0, bitcoin and others in the future) in just a few minutes, by simply providing a name...




StrongBlock Tokenomics V2

StrongBlock is pleased to present the details of its STRONG governance token allocation and Tokenomics for Version 2 (V2) of the protocol. This new approach includes burning 94% of the original 10,000,000 minted STRONG by December 1, 2020, leaving a maximum supply of approximately 535,000 STRONG. — Token Overview. — Name: StrongSymbol: STRONGType: ERC-20Decimals: 18Token Contract Address: https://etherscan.io/address/0x990f341946a3fdb507ae7e52d17851b87168017cMax supply: 528,886 (approximate 94% burn of 10,000,000 minted STRONG by 12/1/2020)Current Circulating Supply: 156,592Inflation possible? NoDeflation possible? Yes, but not within the smart contract. Instead, burned tokens are sent to the 00Dead wallet address.Current circulation information: https://www.coingecko.com/en/coins/strong Background StrongBlock is a blockchain protocol designed to reward and reinforce the world’s expanding blockchain infrastructure. The protocol changes the way blockchain networks reward the nodes that secure them. The STRONG governance token is used to reward node operators running on Ethereum and other supported blockchain protocols. After considerable community input after the release of V1, the V2 release is a new beginning for STRONG. V2 enhances the flexibility of the protocol to support the mission of strengthening blockchains, while also expanding benefits to the blockchain community through the coming years. V2 STRONG...




StrongBlock DeFi V2 Released

We are pleased to announce the release of StrongBlock DeFi V2. The protocol will continue to be governed by the STRONG token. Released just 3 weeks after V1, V2 brings agility and flexibility to the protocol. V2 is the foundation on which features can be easily added via governance and community input.V2: A New Approach DeFi with a Purpose — supporting blockchains by rewarding blockchain nodes with the STRONG governance token — is still the protocol’s core mission. To increase community support for that mission, V2’s new approach significantly reduces inflation, adds deflation, and better aligns rewards. It also makes key changes the community has requested. Phase 1 V2 is Phase 1 of a rapid, multi-phase movement toward eliminating STRONG inflation, growing the community, and strengthening the value proposition for those actively taking part in the community. Phase 2 will include significant changes to tokenomics, a greater emphasis on governance, a reduction of STRONG emissions, growth of the value proposition, and a major expansion of the StrongBlock ecosystem. We will be releasing a roadmap in November regarding future phases and major milestones to come.What’s New in V2 The best way to find out what has changed in V2 is to go to the App itself. Here are some highlights of what’s new in V2. Same App, same UI, same URL, easy migration from V1 to V2V2 now rewards miners based on providing liquidity an...




  STRONG NEWS


Bitcoin Price Just Saw Key Technical Correction, But 100 SMA Is Still St...

    Bitcoin price is correcting gains below the $24,000 zone. BTC is holding the $23,250 support and might attempt another increase in the near term. Bitcoin is correcting gains from the $24,250 resistance zone. The price is trading above $23,250 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $23,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $23,250 support zone. Bitcoin Price Remains Supported Bitcoin price attempted an upside break above the $24,000 resistance zone. BTC spiked above the $24,250 level, but there was no upside continuation. A high was formed near $24,282 before there was a downside correction. The price declined below the $24,000 level. There was a move below the 50% Fib retracement level of the upward wave from the $22,752 swing low to $24,282 high. However, the bulls seems to be active above the $23,250 support zone. Bitcoin price is still trading above $23,250 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $23,300 on the hourly chart of the BTC/USD pair. The trend line is near the 61.8% Fib retracement level of the upward wave from the $22,752 swing low to $24,282 high. An immediate resistance is near the $23,950 level. The next major resistance is near the $24,250 zone. A clear move above the $24,250 resistance might start a decent increase. Source: BTCUSD on... read More



Financial Advisors See Strong Interest in Crypto — 90% Receive Inq...

    A new survey shows that interest in cryptocurrency remains strong among financial advisors' clients. 'Despite market performance, the most common question was: 'Should I consider an investment in crypto?'' the survey results reveal.Financial Advisors Bullish About Crypto Long Term Crypto asset manager Bitwise Asset Management published a report titled 'Bitwise/Vettafi 2023 Benchmark Survey of Financial Advisor Attitudes Toward Crypto Assets' on Tuesday. This is Bitwise's fifth annual study conducted in collaboration with Vettafi, an exchange-traded fund (ETF) platform. The survey was conducted between Nov. 25, 2022, and Jan. 6, 2023, with the participation of 491 financial advisors, including independent registered investment advisors, broker-dealer representatives, financial planners, and wirehouse representatives from across the U.S. According to the survey findings: Despite the sharp market correction of 2022, financial advisors remain highly engaged in crypto markets, with 15% allocating in client accounts and 90% receiving inbound questions from clients about the space. 'The survey is a reminder that crypto is one of the best business development opportunities in the financial advisor market,' said Bitwise's chief investment officer, Matt Hougan. The majority of respondents are bullish about bitcoin in the long term but bearish this year, with 63% expecting BTC to fall in 2023 while 60% believe it will be higher in five years. 'While advisors' interest in bitcoin (41%) w... read More



DOT Price (Polkadot) Indicators Suggest Strong Case For Fresh Rally

    Polkadot’s DOT started a fresh increase from the $5.60 support against the US Dollar. It correcting gains, but indicators suggest high chances of a fresh increase. DOT is holding the ground above the $6.00 and $5.80 levels against the US dollar. The price is trading nicely above the $6.00 support and the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $6.05 on the 4-hours chart of the DOT/USD pair (data source from Kraken). The pair could start a strong rally once it clears the $6.40 and $6.50 resistance levels. Polkadot’s DOT Eyes Fresh Rally After forming a base above the $5.60 zone, DOT price started a fresh increase. It climbed above the $5.80 and $6.00 levels to move back into a positive zone. The bulls were able to push the price above the $6.50 level and 100 simple moving average (4-hours). The price traded as high as $6.82 and recently started a downside correction, similar to bitcoin and ethereum. There was a move below the $6.50 level. Dot price dipped below the 50% Fib retracement level of the upward move from the $5.59 swing low to $6.82 high. However, the bulls are protecting the $6.15 support zone. There is also a major bullish trend line forming with support near $6.05 on the 4-hours chart of the DOT/USD pair. The bulls are also protecting the 61.8% Fib retracement level of the upward move from the $5.59 swing low to $6.82 high. It is also above the $6.00 support and the 100 simple moving average (... read More



Smart Contract Tokens, Defi Economy See Strong Growth, Market Capitaliza...

    Smart contract tokens and the decentralized finance economy have been on a tear during the last month, gaining against the U.S. dollar. The market capitalization of the smart contract platform token economy has swelled by $78 billion over the last 30 days, increasing from $243 billion to the current $321 billion. Furthermore, the total value locked in decentralized finance (defi) has risen by $5.39 billion in the same time frame.Smart Contract Tokens Experience Double-Digit Gains, Led by Oneledger, Harmony, and Waves It's been a rough crypto winter, to say the least, and after numerous insolvencies and bankruptcies within the industry, crypto assets have been hit hard. The latest, and one of the most tragic blowouts last year, took place 67 days ago when FTX was found to be insolvent and the company filed for bankruptcy protection on Nov. 11, 2022. The crypto economy took a beating during the last two weeks of November and into December, and the lackluster end-of-the-year holiday market action made things worse. Approximately 30 days ago, on Dec. 18, 2022, the smart contract token economy was worth $243 billion, and a great deal of coins lost considerable value. Ethereum (ETH), for instance, was down 6.1% that week, and cardano (ADA) was down 14.4%. All ten of the leading smart contract coins that week were down by double digits against the U.S. dollar. But over the last month, the smart contract platform token economy grew by $78 billion, and as of Jan. 17, 2023, the entire... read More



Bitcoin, Ethereum Technical Analysis: BTC Back Above $21,000, Following ...

    Bitcoin climbed back above $21,000 on Jan. 17, as markets reacted to better-than-expected Chinese gross domestic product (GDP) figures. The economic release comes as U.S. traders also returned to action, following the observation of the Martin Luther King Jr. Day celebration. Ethereum rose briefly above $1,600 earlier in the session.Bitcoin Bitcoin (BTC) rose back above the $21,000 mark on Tuesday, as markets reacted to the latest GDP figures from China. Figures from the world's second largest economy showed that gross domestic product rose by 3% last year, higher than the 2.8% expected. As a result of this, BTC/USD rose to a high of $21,360.87 earlier in the day, less than 24 hours after falling to a bottom at $20,715.75. Looking at the chart, today's rebound in price has pushed bitcoin closer to its long-term resistance level of $21,400. This ceiling has been in place for the past two months, and was marginally broken over the weekend. The 14-day relative strength index (RSI) continues to hover close to a ceiling of 90.00, and should BTC bulls intend to climb above $21,400, this ceiling on the RSI must first be broken. Ethereum In addition to BTC, ethereum (ETH) climbed higher in today's session, with prices briefly moving beyond the $1,600 level Following a low of $1,529.57 to start the week, ETH/USD surged to an intraday peak of $1,603 in the early hours of this morning. Prices have since slipped, and as of writing, the world's second largest cryptocurrency is trading a... read More



Binance Coin (BNB) Forms Bearish Pattern, But Fundamentals Look Strong

    In the wake of FTX's collapse, many eyes focused on the now undisputed largest cryptocurrency exchange in the world, Binance. Due to an opaque proof of reserves, the withdrawal of accounting firm Mazars, and a bank run on the exchange, the Binance Coin (BNB) suffered a temporary loss of trust and excessive price losses. Slowly and gradually, however, investors seem to be regaining confidence in Binance. The BNB price has risen 9.3% over the last seven days, reaching $301 at press time. Although there was some positive news from Binance yesterday and today, the BNB price is facing a bearish pattern on the weekly chart. The pattern usually predicts a trend reversal and shows three peaks, with the two outer ones close to each other and the middle peak being the highest. The left shoulder forms when investors drive the price up, and then temporarily lose their enthusiasm. The head builds up when enthusiasm reaches its peak. The right shoulder forms when the price rises again, but does not reach its previous peak before falling again. The head of the BNB weekly chart was formed in the week when FTX filed for bankruptcy. In the following weeks, the price fell before BNB experienced a recent rally thanks to the generally bullish market sentiment. With this, BNB is in a crucial scenario. If BNB breaks the neckline at $210 to the downside, the chart pattern could validate and BNB could see a downtrend within the next few weeks, pushing the price toward $153. Binance Coin Counts On S... read More



Polkadot: Why Recent On-Chain Feats Could Trigger Strong Investor Sentim...

    Polkadot has been riding the crypto wave since the start of the broader market rally. According to CoinGecko, the biggest gainers in the entire space are altcoins. Polkadot (DOT) is among them. Although the token has been finding gains in the past two weeks, DOT has been down almost 3% in the past 24 hours. This has been the price action since the token has been rejected on the $6.5 price resistance range. At the time of writing, DOT is trading at $5.78, up 21% in the last seven days, data by Coingecko show. With recent developments and metrics, can DOT strengthen investor sentiment?  What's Happening On-Chain?  Polkadot Insider is an account dedicated to developments on the network. According to the account, the Nakamoto coefficient of the ecosystem is higher compared to competitors. This means that the ecosystem is sticking true to the main tenets of DeFi which is decentralization.  NC metric minimum number of validators required to make up 33.3% of network staking share to prevent a bad validator from manipulating transactions. The higher value means higher decentralization And @Polkadot is ranked #1 Details https://t.co/RFm2gfZGzp #Polkadot $DOT pic.twitter.com/BAYfKWE9FU — Polkadot Insider (@PolkadotInsider) January 15, 2023 Parachain development is also going through the roof. Kusama Network, one of the main parachains on the platform, has 10 projects in development with over 20 investors. With Dora Project having over 45 investors, Santiment not... read More



New Year Brings Strong NFT Sales, Up 26% in First Week of 2023 With Top ...

    The first week of 2023 saw an upswing in non-fungible token (NFT) sales as seven-day volume increased 26.01% compared to the previous week, totaling approximately $208.99 million in NFT sales. Additionally, the top five NFT-issuing blockchains saw increases over the last week. Bored Ape NFT Collection Leads the Way with $19 Million in Sales, 52.82% Increase from Previous Week According to NFT sales statistics, the first week of the new year saw a 26.01% increase compared to the last week of 2022. Cryptoslam.io metrics show that there were 1.2 million NFT transactions among 400,748 NFT buyers. There was $208.99 million in NFT sales across 19 different blockchain networks, with Ethereum capturing $164.35 million. Ethereum-based NFT sales are up 26.22% this week, followed by Solana (+28.8%), Immutable X (+20.83%), Cardano (+35.97%), and BNB (+71.35%) in NFT sales. BNB had the largest increase during the last seven days, with a 71% rise, followed by Theta, which is up 69.82% this week. The top NFT collection in terms of sales over the last week was Bored Ape Yacht Club (BAYC) with $19,052,102 in sales, a 52.82% increase from the previous week. BAYC was followed by Mutant Ape Yacht Club (MAYC), Azuki, Bored Ape Kennel Club (BAKC), and The Captainz. Cryptopunks and Mineablepunks took the sixth and seventh positions in terms of seven-day NFT sales by collection. The top five most expensive NFTs sold this week all came from the Mineablepunks NFT collection. The top five include Min... read More



Litecoin Surges 7% In Strong 2023 Start, Jumps To 12th On Market Cap Lis...

    Litecoin has kicked off 2023 to a bright start as the crypto has surged 7% in the last 24 hours and has climbed to 12th on the market cap list. Litecoin Starts 2023 On A Positive Note 2022 was a terrible year for the entire cryptocurrency sector as the long bear market resulted in losses of more than 50% for most of the coins. Litecoin was no exception; the asset ended the year with a drawdown of about 53%. This year, however, may very well turn out to be different for LTC as the coin seems to have observed a strong start so far. At the time of writing, Litecoin is trading around $75, up 7% in the last 24 hours. The below chart displays the recent trend in the crypto's price. The reason why this year could be better for LTC investors is that the next halving is set to take place this year. Therefore, Litecoin holders have been hoping that a rally would build up soon, ahead of the halving scheduled for this August. As the graph shows, Litecoin has certainly already made a great start to the year, observing sharper upwards momentum than any other top coin. Though, currently, it's unclear whether this would be the push that leads the coin to a proper halving rally, or if it's another temporary rise before the real rally starts. Despite LTC's poor performance during 2022, there were still some positive takeaways for the coin. For example, the network processed over 39 million transactions in the year, a new record. The Litecoin Network completed over 39 million transactions in... read More



Dogecoin Price Tumbles Below Support, Why This Could Be Strong Bearish

    Dogecoin extended its decline below the $0.070 support against the US Dollar. DOGE could continue to move down towards the $0.0620 support zone. DOGE gained pace and traded below the $0.072 support against the US dollar. The price is trading below the $0.0700 zone and the 100 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.0698 on the 4-hours chart of the DOGE/USD pair (data source from Kraken). The pair could dive further towards the $0.062 support in the near term. Dogecoin Price Signals Bearish In the past few days, dogecoin saw a steady decline from the $0.080 resistance zone. DOGE reacted to the downside below the $0.0750 and $0.0720 support levels. The decline gained pace below the $0.072 level and the 100 simple moving average (4-hours). More importantly, there was a clear move below the $0.070 support zone, opening the doors for a major decline. The price is now trading well below the $0.0700 zone and the 100 simple moving average (4-hours). Doge price traded as low as $0.0667 and is currently showing a lot of bearish signs, similar bitcoin and ethereum. On the upside, the price is facing resistance near the $0.0695 level. The first major resistance is near the $0.0700 level. There is also a key bearish trend line forming with resistance near $0.0698 on the 4-hours chart of the DOGE/USD pair. The trend line is near the 23.6% Fib retracement level of the downward move from the $0.0795 swing high to $0.0667 low. A clea... read More



Bitcoin, Ethereum Technical Analysis: ETH Nears $1,230 Resistance, Follo...

    Ethereum edged closer to a key resistance level of $1,230 on Dec. 23, as markets continued to react to better than expected U.S. GDP data. Gross domestic product in the United States was revised higher to 3.2%, better than the 2.9% expected. Bitcoin mostly consolidated in today's session, with prices trading near the $16,800 mark.Bitcoin Bitcoin (BTC) was once again in consolidation on Friday, as markets continued to react to the latest U.S. Q3 GDP figures. Following a low of $16,592.41 on Thursday, BTC/USD was marginally higher, with prices rising to a peak of $16,880.87 in today's session. The surge in price pushed BTC above a key resistance point of $16,800, as bulls once again attempted to recapture the $17,000 mark. As can be seen from the chart, recent price uncertainty comes as the 14-day relative strength index (RSI) remains close to a floor at 45.00. Sentiment also seems uncertain following a recent crossover between the red 10-day moving average, and its 25-day (blue) counterpart. If this downward trend continues, we could see BTC trading near $16,000 during the Christmas weekend. Ethereum Ethereum (ETH) was marginally higher to end the week, as prices moved closer to a key resistance level earlier today. ETH/USD raced to an intraday peak of $1,224.21 in Friday's session, less than 24 hours after hovering at $1,187.13. Today's move sees ETH bulls once again try to break out of the long-term resistance level of $1,230. Looking at the chart, the 14-day RSI is now r... read More



Ethereum Price Bulls Hold Strong, Indicators Suggest Fresh Rally To $1,4...

    Ethereum bulls defended the $1,220 support zone against the US Dollar. ETH is rising and might aim a strong bullish wave above the $1,300 resistance zone. Ethereum remained well bid and strong above the $1,220 zone. The price is now trading above $1,250 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,245 on the hourly chart of ETH/USD (data feed via Kraken). The pair is showing positive signs and might eye an upside break above the $1,300 resistance. Ethereum Price Remains Stable Ethereum price extended its decline below the $1,250 level. ETH even moved below the $1,240 support level and the 100 hourly simple moving average, similar to bitcoin. However, the bulls were active near the $1,220 support zone. They defended more losses and slowly ether price moved higher. There was a move above the $1,240 and $1,250 levels. There was a break above the 50% Fib retracement level of the key decline from the $1,304 swing high to $1,220 low. Besides, there was a break above a major bearish trend line with resistance near $1,245 on the hourly chart of ETH/USD. The pair is now trading above $1,250 and the 100 hourly simple moving average. It is consolidating near the 76.4% Fib retracement level of the key decline from the $1,304 swing high to $1,220 low. An immediate resistance on the upside is near the $1,290 level. The first major resistance is near the $1,300 zone. Source: ETHUSD on TradingView.com A close above the... read More



Ethereum Price Holds Strong at $1,250: A Strengthening Case for Upside

    Ethereum spiked above the $1,300 resistance zone against the US Dollar. ETH is correcting gains, but it remains supported near $1,250 and $1,230. Ethereum gained pace for a move above $1,300 before the bears appeared. The price is now trading above $1,250 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $1,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct further lower towards the $1,250 and $1,230 support levels. Ethereum Price Eyes Another Increase Ethereum price extended its increase above the $1,250 resistance zone. ETH even spiked above the $1,300 resistance zone and settled above the 100 hourly simple moving average, similar to bitcoin. However, the bears were active abvoet the $1,300 resistance zone. Ether price traded as high as $1,309 before there was a downside correction. The price declined below the 23.6% Fib retracement level of the upward move from the $1,150 swing low to $1,309 high. Besides, there was a break below a major bullish trend line with support near $1,280 on the hourly chart of ETH/USD. The pair is still trading above $1,250 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,290 level. The first major resistance is near the $1,300 level. A close above the $1,300 resistance might send the price further higher. The next major resistance is near the $1,350 level, above which ether price might test $1,400. If the bu... read More



BNB Price Prediction: Indicators Suggest Strong Case For Rally To $320

    BNB price (Binance coin) found support near $250 against the US Dollar. BNB is rising and might gain pace if it clears the $300 resistance zone. Binance coin price started a recovery wave from the $250 support against the US Dollar. The price is now trading above $280 and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $262 on the 4-hours chart of the BNB/USD pair (data source from Binance). The pair could continue to rally if it clears the $295 and $300 levels. Binance Coin Price Starts Fresh Increase After a strong decline, BNB price even settled below the $300 level. It tested the $250 support zone and traded as low as $249.7. The bulls took a stand near $250 and the price started a recovery wave, similar to bitcoin and ethereum. The price climbed above the $265 and $270 resistance levels. There was a clear move above the 23.6% Fib retracement level of the downward move from the $361 swing high to $249 swing low. Besides, there was a break above a major bearish trend line with resistance near $262 on the 4-hours chart of the BNB/USD pair. The pair is now trading above $280 and the 100 simple moving average (4-hours). Source: BNBUSD on TradingView.com On the upside, the $295 and $300 levels are immediate hurdles. The 50% Fib retracement level of the downward move from the $361 swing high to $249 swing low is also near $305. The next major resistance is near the $320 level, above which the price is likely to ... read More



Yellen Says FTX Collapse Shows Weaknesses of Entire Crypto Sector &mdash...

    U.S. Treasury Secretary Janet Yellen and Federal Reserve Vice Chair Lael Brainard have stressed the need for strong crypto regulation. Yellen said the FTX collapse shows 'the weaknesses' of the entire crypto sector while Brainard cautioned that failures from one platform are 'spilling over into elsewhere.'Yellen: Crypto Needs 'Very Careful Regulation' U.S. Treasury Secretary Janet Yellen shared her concerns regarding the implosion of cryptocurrency exchange FTX Saturday in an interview with Bloomberg. She stressed that FTX's failure has reinforced her view that the crypto market requires 'very careful regulation,' emphasizing that 'It shows the weaknesses of this entire sector.' Yellen compared crypto markets to developed financial markets with better investor protection rules, adding: In other regulated exchanges, you would have segregation of customer assets. The notion you could use the deposits of customers of an exchange and lend them to a separate enterprise that you control to do leveraged, risky investments — that wouldn't be something that's allowed. 'At least it's not deeply integrated with our banking sector and, at this point, doesn't pose broader threats to financial stability,' she continued, warning that the FTX debacle could have been worse if digital assets were more embedded in the financial system. Fed's Vice Chair: Crypto Needs 'Strong Regulatory Guardrails' Federal Reserve Vice Chair Lael Brainard similarly stressed the importance of strong crypto r... read More



CryptoCom CEO Says Balance Sheet is Strong, Dismisses Recent Criticism

    Kris Marszalek - CEO of CryptoCom - said his company has a stable balance sheet that presents no risk to customers. He also vowed to disclose an audited proof of reserves in the following weeks and assured the firm has not engaged in any 'irresponsible lending products.' CryptoCom's boss Kris Marszalek took part in a live-streaming YouTube address where he answered multiple questions regarding his firm's status. Despite the recent accusations, he guaranteed that the platform has a robust balance sheet, and users should not be concerned. The Polish entrepreneur stated CryptoCom will continue operating its business as usual to prove to 'all the naysayers' that it is a reliable and safe venue: 'We will prove them all wrong with our actions.' The collapse of the US-based exchange - FTX - infused significant panic in the space and many crypto participants feared that other trading venues could have liquidity holes and follow the footsteps of the distressed entity. Marszalek said CryptoCom will publicly reveal what amount of cryptocurrencies it stores on behalf of its customers within the next few weeks. In addition, the organization will show it does not deal with any 'irresponsible lending products.' Kris Marszalek, Source: Reuters   Members of the crypto community recently discovered a whopping 320,000 ETH (worth around $400 million at the time) were sent from one of CryptoCom's addresses. Marszalek explained the funds were mistakenly transferred to a whitelisted exter... read More



CryptoCom Recovered $990 Million from FTX, CEO Says Balance Sheet Strong

    Kris Marszalek - CEO of CryptoCom - said his company has a stable balance sheet that presents no risk to customers. He also vowed to disclose an audited proof of reserves in the following weeks and assured the firm has not engaged in any 'irresponsible lending products.' CryptoCom's boss Kris Marszalek took part in a live-streaming YouTube address where he answered multiple questions regarding his firm's status. Despite the recent accusations, he guaranteed that the platform has a robust balance sheet, and users should not be concerned. The Polish entrepreneur stated CryptoCom will continue operating its business as usual to prove to 'all the naysayers' that it is a reliable and safe venue: 'We will prove them all wrong with our actions.' The collapse of the US-based exchange - FTX - infused significant panic in the space and many crypto participants feared that other trading venues could have liquidity holes and follow the footsteps of the distressed entity. Marszalek said CryptoCom will publicly reveal what amount of cryptocurrencies it stores on behalf of its customers within the next few weeks. In addition, the organization will show it does not deal with any 'irresponsible lending products.' Kris Marszalek, Source: Reuters   Members of the crypto community recently discovered a whopping 320,000 ETH (worth around $400 million at the time) were sent from one of CryptoCom's addresses. Marszalek explained the funds were mistakenly transferred to a whitelisted exter... read More



Bitcoin (BTC) Looks Strong Above $20,500; Here Is The Key Level To Watch

     BTC's price needs to stay above $20,500 for the price to have a chance to rally high to a region of $22,500.  BTC's price continues to trend, creating a more bullish bias as the price aim for $22,500, where the price could face resistance.  BTC's price remains strong, holding key support on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA). The crypto market had a good run in the previous week as the price of Bitcoin (BTC) surpassed the expectations of many holding out for the price to continue in its downtrend as many traders looked trapped with no sign of Bitcoin (BTC) going lower as the price of Bitcoin eyes a possible rally to $22,500. The crypto market has seen some relief across all assets, but the new week holds mixed feelings, with Bitcoin (BTC) dropping toward its key support. read More



White House Is Not Preparing for Recession — Chief of Staff Says U...

    White House Chief of Staff Ron Klain says that the U.S. is not in a recession. 'The economy is growing. It is strong,' he stressed. In addition, White House Press Secretary Karine Jean-Pierre said there are no meetings or anything happening in preparing for a recession.White House Dismisses Recession Concerns White House Chief of Staff Ron Klain, President Joe Biden's top aide, shared his economic outlook in an interview with MSNBC Thursday. He said: We are not in a recession … Unemployment claims remain at a historical low ... The economy is growing. It is strong. It is creating jobs. His statement echoes what Biden said last month, when he emphasized that the U.S. economy is 'strong as hell.' In addition, White House Press Secretary Karine Jean-Pierre said in a televised interview with the news outlet that the White House is not preparing for a recession, stating: There are no meetings or anything happening like that in preparing for a recession because … look, what we're seeing right now is a strong labor market. The press secretary was later asked while en route to Albuquerque, New Mexico, with President Biden Friday whether it is imprudent for the administration to not prepare for a recession given that the bond market is forecasting a 48% chance of a recession within the next year, according to Evercore ISI. 'Look, I just want to be really clear here,' she replied. 'It's not just us saying this, I'm only laying that out. Because it's not just us at the adm... read More



Bitcoin Whales Who Bought 1 Month Ago Hold Strong Despite Chance To Take...

    On-chain data shows the Bitcoin whales who bought around one month ago have continued to hold strong despite the price surge providing them with a chance to take some profit. Bitcoin 1 Month To 3 Month Old Supply Has Been Rising In Recent Days As pointed out by an analyst in a CryptoQuant post, the whales who bought at $19k about a month ago seem to not have realized their profits yet. The relevant indicator here are the Bitcoin supply age bands, which tell us how much coins are held by each cohort right now. These groups or age bands are divided based on the amount of time the coins belonging to them have been held stationary in a single wallet address for. For example, the 1D-1W age band includes all coins that haven't been moved or sold since between one day and one week ago. Now, here is a chart that shows the trend in the Bitcoin supplies for some of the age bands over the past week: The data for all the different age groups in the market up to the three months old mark | Source: CryptoQuant As you can see in the above graph, the 1D-1W Bitcoin supply has been going up in recent days, suggesting there has been some fresg accumulation in the market. The less than 1D age band, however, saw some rise earlier as the price surge started, but it has been going down in the last couple of days. One significance of this group is that it reflects the fresh buying going on in the market. As this has stopped trending up, it means there is no longer many new purchases happening. The... read More



Ethereum Price Holds Strong at $1,500: A Strengthening Case for Upside

    Ethereum gained pace and broke the $1,500 resistance zone against the US Dollar. ETH is consolidating gains and might eye more upsides above $1,600. Ethereum is showing positive signs above the $1,500 and $1,520 levels. The price is now trading above $1,520 and the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $1,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rally again if there is a clear move above $1,560 and $1,580. Ethereum Price Eyes Fresh Increase Ethereum gained pace after it broke the $1,400 and $1,420 resistance levels. ETH even cleared the $1,500 level and settled above the 100 hourly simple moving average. The price surged towards the $1,600 level and remained well bid. A high was formed near $1,593 before there was a downside correction. There was a move below the $1,580 level. Ether price even tested the 23.6% Fib retracement level of the upward move from the $1,339 swing low to $1,593 high. It is now trading above $1,520 and the 100 hourly simple moving average. There is also a major contracting triangle forming with resistance near $1,560 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $1,560 level and the triangle trend line. The first major resistance is near the $1,580 and $1,585 levels. The main barrier is now near the $1,600 zone. A clear upside break above the $1,600 resistance zone could open the doors f... read More



Bitcoin Now Less Volatile Than Nasdaq and S&P 500 — Stock Markets ...

    Bitcoin's volatility has fallen below that of the Nasdaq and the S&P 500, according to crypto data provider Kaiko. Compared to equity markets, cryptocurrency markets have become less reactive to volatile macro events, including high inflation, an appreciating dollar, rising interest rates, ongoing war, and the energy crisis, the firm explained.'Bitcoin Volatility Is at Multi-Year Lows' Bitcoin has become less volatile than both the Nasdaq and the S&P 500, according to cryptocurrency data provider Kaiko, CNBC reported. The crypto data firm explained Friday that BTC's 20-day rolling volatility has dropped below that of the two stock indexes for the first time since 2020. Clara Medalie, Kaiko's head of research, told the news outlet: Bitcoin volatility is at multi-year lows while equity volatility is only at its lowest level since July. 'Equity markets have certainly been volatile over the past few months due to high inflation, an appreciating dollar, rising interest rates, and the ongoing war and energy crisis,' she continued. Analysts expect the Federal Reserve to hike interest rates by 75 basis points for a fourth straight meeting in November. However, San Francisco Federal Reserve President Mary Daly said Friday that it is time to start considering slowing interest rate hikes. Medalie further detailed: The data suggests that cryptocurrency markets are less reactive to volatile macro events than they were earlier on in the year, whereas equity markets have remained highly sen... read More



Data: Bitcoin Whales Who Accumulated At $18k Have Continued To Hold Stro...

    On-chain data suggests Bitcoin whales who accumulated during the June crash have continued to hold strong so far. Bitcoin Sum Coin Age Distribution Shows Strong Accumulation Around $18k As pointed out by an analyst in a CryptoQuant post, the $18k level has been getting support from the whales as they have made spot purchases at this mark. The relevant indicator here is the 'Sum Coin Age Distribution,' which tells us about the amounts the different Bitcoin investor groups are holding in their wallets right now. These groups are based on the idea of 'coin age,' a measure of the total number of days a coin has been sitting dormant on the chain for. As an example, if 1 BTC remains still in a single address for two weeks, then this coin is taken as a part of the '1 week to 1 month' (1W to 1M) supply. Now, here is a chart that shows the trend in the Sum Coin Age Distribution in the Bitcoin market over the last year: Looks like the 3M to 6M group has been going up in recent weeks | Source: CryptoQuant As you can see in the above graph, the amount of supply held by the different Bitcoin coin age cohorts has shown an interesting pattern during the last few months. When the crypto's price crashed back in June, the 1D to 1W supply spiked up as whales picked up some fresh coins around the $18k level. As the days passed, these coins started aging into the 1W to 1M range, causing the 1D to 1W band to plunge down, while the 1W to 1M group observed an uptrend. Similarly, these coins matur... read More



Bitcoin, Ethereum Technical Analysis: Strong Dollar Pushes BTC Below $19...

    Bitcoin was once again trading under $19,000, as the U.S. dollar moved to a one-week higher versus several G7 currencies. Friday's move saw the token fall to a key support point in the process. Ethereum was also in the red in today's session, as prices fell for a fourth straight day.Bitcoin Bitcoin (BTC) was back in the red on Friday, as the U.S. dollar continued to strengthen versus several G7 currencies. Following a high of $19,315.20 during Thursday's session, BTC/USD slipped to an intraday low of $18,945.48 earlier today. The move pushed prices of the token towards a key support point of $18,900, as price strength also declined. Looking at the chart, the relative strength index (RSI) of 14-days collided with a floor of 40.50, and as of writing is set to move below 40.00. The 10-day (red) moving average has also extended its downward trend, which could be a sign of further bearish sentiment. Should we see the RSI continue to trickle lower, there is a strong possibility that BTC could be trading below $18,000 this weekend. Ethereum In addition to bitcoin, ethereum (ETH) also returned to the red in today's session, falling below $1,300 in the process. Today's sell-off saw ETH/USD drop to a bottom of $1,260.61, falling below a key price floor in the process. The aforementioned support level in this instance was the point of $1,270, which was last broken on October 13. At that time, prices of the world's second largest cryptocurrency dropped below $1,200, and it appears tha... read More



Bitcoin Correlation With Macro Remains Strong, Despite Stability

    The Bitcoin correlation with the macro markets reached new highs in 2022. This saw the price of the digital asset, and the entire crypto market by extension, follow the movement of the stock and equities market very closely. There were forecasts that the cryptocurrency would begin to decouple from the macro market as time went on but data shows that the correlation still remains very high even now. Following The Macro Market One of the most prominent ways that the macro market and the bitcoin correlation have shone through has been during important events like the CPI data releases. The last CPI data release came back with higher rates than expected and the crypto market had responded almost immediately. Looking at bitcoin alone, it would’ve been normal to deduce that the market was reacting independently, but it had, in fact, followed the movement of the macro market. Presently, the correlation between bitcoin and the macro market is sitting near multi-year highs, and so is the bitcoin correlation to the gold market. This has seen the cryptocurrency move in tandem with the broader financial markets despite the decentralized nature of the digital asset. BTC correlation to macro markets wax stronger | Source: Arcane Research Data shows that the correlation between the equities market and bitcoin had been steady at around 0.7 for the last month, making a similarly recorded trend between April and June 2022. If history is to repeat itself, then there might be some reprie... read More



Bitcoin, Ethereum Technical Analysis: ETH Lower, as USD Gains Following ...

    Ethereum was back below the $1,300 level on Wednesday, as the U.S. dollar rose following better than expected quarterly earnings. So far this earnings season, Netflix, Bank of America, and others have outperformed expectations, highlighting what some view as the resilience of the U.S. economy, despite the global slowdown. Bitcoin was also back in the red.Bitcoin Bitcoin (BTC) was trading lower on Wednesday, as prices continued to decline following a failed breakout of a resistance at $19,550. Following a high of $19,655.75 on Tuesday, which saw BTC/USD move past the aforementioned ceiling, prices slipped to a low of $19,144.77 earlier today. Wednesday's drop sees the token move closer to a breakout below $19,000, with bears likely targeting a floor of $18,900. Bearish sentiment has largely been present during what many are calling 'red October,' with BTC trading below $20,000 for the majority of the month thus far. Looking at the chart, the 10-day (red) moving average has extended its downward cross with the 25-day (blue), which could be a sign of further declines to come. In addition to this, the 14-day relative strength index (RSI) is tracking at 45.50, on its way to a floor at the 44.00 point. Ethereum Like BTC, ethereum (ETH) fell for a second consecutive day, as the token moved below the $1,300 level. Earlier in yesterday's session, the token was trading above a ceiling of $1,330, however after failing to sustain a breakout, bears reentered the market. The world's seco... read More



Quant Balloons Over 35% In Last 7 Days Courtesy Of Strong Social Metrics

    Quant is showing a strong push in the face of struggles in the crypto space as it doubled (and added some more) its 14-day price pump. Quant outperforms Bitcoin and Ethereum in terms of 14-day and 30-day price increases QNT is down by almost 10% over the last 24-hours but is still up by almost 29% over the last week Quant could rally all the way up to $300 While a price increase of 28.9% over the last two weeks already sounds impressive considering the extended winter season that caught up with the cryptocurrency market, Quant was able to top that with its gains for the past 30 days. At press time, tracking from Coingecko shows the spot price for QNT is $183.39. While it went down by almost 10% over the past 24-hours, it is still up by 76% on its month-to-date performance. The 30th largest cryptocurrency in terms of market capitalization ($2.668 billion) is among the highest gainers right now, outperforming pack leaders Bitcoin and Ethereum in this department. Quant Fails To Sustain Price Above $200 The altcoin made an impressive recovery from its February showing when its resistance marker was at $140. In crypto space, resistance refers to the point when an asset’s price stops increasing. Bulls were able to dominate the bears and the increased trading volume for Quant was reflected on the asset’s On-Balance Volume (OBV). Much like its price, QNT’s Relative Strength Index (RSI) also experienced a massive surge that led to a score of 71 which indicated th... read More



Cosmos Clings To $12 As Price Struggles, Will This Region Act As Strong ...

    ATOM's price shows strength as price breaks bounced off from $12 with good volume with eyes set to reclaim $13.  ATOM breaks out of a downtrend as the price resumes a bullish structure.  The price of ATOM continues to trade above 50 Exponential Moving Average (EMA) in the four-hourly timeframe.  The price movements of Bitcoin (BTC) have hurt most altcoins, with Cosmos (ATOM) finding its price at key support as bulls defend this region with blood and sweat. The recent Consumer Price Index news had a significant impact on the crypto market, as the price of BTC fell to a low of $18,200 before rebounding to $19,300, with many altcoins struggling to keep up, but Comos (ATOM) proved resilient. (Data from Binance) Cosmos (ATOM) Price Analysis On The Weekly Chart. Despite experiencing some great price movement in recent weeks due to so many traders and investors becoming interested in the various projects built on the Cosmos ecosystem, this, in a way, serves as a huge catalyst for such price movement. After the price of ATOM dropped to a weekly low of $6, the price rallied from this low to a high of $17, where the price faced resistance to breaking above this region to a height of $20. The price of ATOM faced a rejection to a low of $11.5, where the price bounced and rallied to a high of $12, reclaiming this region as it has been a key support for ATOM prices.  ATOM's next weekly candle closed bearish, but the new week's candle opened with bullish signs as the p... read More



Bitcoin Price Outlook for October — Strong Dollar and Fed Rate Hik...

    Ten days into October, and ahead of this Wednesday's U.S. inflation report, bitcoin prices fell to a one-week low. Prices of the world's leading crypto asset were mostly in the red during September, trading below $20,000 for the majority of the month. As of writing, bitcoin continues to hover at these lows, with many traders wondering whether we will see any significant surge this month. Current Market Status Last week U.S. non-farm payrolls showed that 263,000 jobs were added to the U.S. economy in September, better than the 250,000 markets had expected. This data was positive for an already strong U.S. dollar, which has been one of the main reasons behind the recent decline in prices. As USD gained against the majority of G-7 currencies, prices of commodities, and cryptocurrencies declined, as demand weakened. On Wednesday, traders will be glued to their screens awaiting the release of the U.S. inflation report, which could impact the Federal Reserve's upcoming policy decisions. Many believe that the Fed could raise rates by an additional 75 basis points (bps), which will likely further strengthen the greenback. October Outlook As of writing this, BTC/USD is currently trading below $20,000, at a price of $19,259.97, which is marginally below a floor of $19,300. The move below this floor comes after another point of support was broken, with the 14-day relative strength index (RSI) now moving under its 46.30 point. Looking at the chart, the next stop for the index appears to ... read More



TA: Bitcoin Price Breaking This Confluence Resistance Could Spark Strong...

    Bitcoin price is showing positive signs above $20,000 against the US Dollar. BTC could start a strong surge if it clears the $20,500 resistance. Bitcoin is gaining pace above the $19,800 and $20,000 resistance levels. The price is trading above $20,100 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $20,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if there is a clear move above the $20,500 resistance. Bitcoin Price Remains Supported Bitcoin price attempted an upside break above the $20,500 resistance zone. However, BTC struggled near the $20,450 zone and started a downside correction. There was a move below the $20,000 support zone, but the price remained supported well above the 100 hourly simple moving average. It traded as low as $19,754 and recently started a fresh increase. There was a clear move above the $20,000 and $20,200 resistance levels. Bitcoin price climbed above the 50% Fib retracement level of the recent decline from the $20,475 swing high to $19,754 low. It is now trading above $20,100 and the 100 hourly simple moving average. Besides, there is also a key bullish trend line forming with support near $20,150 on the hourly chart of the BTC/USD pair. It also cleared the 76.4% Fib retracement level of the recent decline from the $20,475 swing high to $19,754 low. On the upside, an immediate resistance is near the $20,450 level. The next major resist... read More



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