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Topics - Coin_Gabbar

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Cryptocurrency discussions / Will Binance's Oracle Network Compete With Chainlink?

« on: November 01, 2022, 08:16:20 AM »

The Binance Oracle will enable smart contracts based on real-world inputs and outputs. The crypto exchange has decided to first use its oracle services on the BNB Chain. 

DeFi tokens / Shiba Inus are once again Ethereum whales

« on: October 11, 2022, 10:59:33 AM »

Despite the increased market volatility, the greatest Ethereum (ETH) whales have chosen Shiba Inu (SHIB), the second largest meme cryptocurrency in the world.
Shiba Inu prices, meanwhile, have decreased by almost 18% during the past 30 days. The whales are still clinging to their SHIB tokens.
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Bitcoin Forum / BITCOIN PRICE ANALYSIS CMP-$19300: Bulls are hopeless, Bitcoin rejected $20k aga

« on: October 01, 2022, 09:09:04 AM »

Bitcoin has had a tough month as a result of the ongoing bearish trend. Despite its efforts to recover value, its overall situation has remained stable. The modest rising trend could not be sustained, and the month appears to end in a red candle.
The entire crypto market's performance has recently changed, affecting its growth. Bitcoin, Ethereum, and other cryptocurrencies have suffered losses in recent hours due to their inability to keep momentum. The continued fluctuations indicate that the market's value may fall even further. The market has been suffering as the pattern of losses continues. As a new wave of volatility has hit the market, the global market cap value may not rise.

Bitcoin is now trading above $19,000 and below the 100 hourly simple moving average. It reached a high of $20,182 and is currently consolidating losses.

It is trading above the 78.6% Fib retracement level of the recent rally from the swing low of $18,845 to the high of $20,182. On the upside, immediate support is found near $19,000. The next significant resistance level is $20,000.

There was a clear rise over the 50% Fib retracement level of the key slide from the swing high of $20,182 to the low of $18,845. Even though the price went up above the $19,500 resistance level and crossed $20,000, bears were aggressive between the $20,400 and $20,500 levels.

According to Price Analysis, The market capitalization of this BTC is estimated to be $370,263,473,159. The 24-hour trading volume for the coin is around $40,481,989,909. BTC market capitalization has fallen by 0.83%. However, trade volume increased by 1.51% during intraday trading. The market capitalization to volume ratio is 0.1093.

A break above $19,700 might push the price even higher into the bullish zone. In the aforementioned scenario, the price may rise to $20,000. Any further advances might push the price up to the $20,500 barrier level. If bitcoin crosses and closes above the $20,500 level then the price may rise to the $21,000 level.

If bitcoin does not break through the $19,650 barrier level, it may start a new downward trend. The channel trend line at the 200 hourly SMA and the $19,250 zone give immediate support on the downside. The major support is close to $19,000. Any more losses might lead to a drop near the $18,500 support level in the coming sessions. If the price stays below $18500, it might drop as low as $17500.

KEY LEVELS :

RESISTANCE LEVEL: $19700-$20500

SUPPORT LEVEL: $19000-$18500

Incentivised Posting / Shill / Technical Analysis of Bitcoin and Ethereum: Consolidate Before U.S. Consumer Sen

« on: October 01, 2022, 06:51:09 AM »

On Friday, the price of bitcoin stayed below $20,000 as the market's outlook for the coming weekend remained mostly unchanged.
The biggest cryptocurrency in the world tried to advance towards this milestone but fell short after hitting a wall on the relative strength index (RSI). As markets got ready for the disclosure of US consumer data, Ethereum likewise remained relatively unaltered.

Bitcoin
On Friday, the price of bitcoin (BTC) stayed stable as the market's outlook for the weekend remained essentially unchanged.

Today's session saw the token continue its ascent toward $20,000, peaking at $19,635. The recent U.S. consumer sentiment data, which is anticipated to show an improvement in confidence, comes before today's upheaval.

On the chart, BTC/USD has also reached a ceiling on the 14-day relative strength index, which has caused it to stall (RSI). The index is tracking at 46.45 as of this writing, with price strength continuing to decline from its most recent high point of 49.00.

Bulls are still expected to make another push for the $20,000 price level, but this is unlikely to happen until the previously indicated resistance is overcome.

Ethereum
On Friday, values of the token also stabilised, and Ethereum (ETH) was once more trading close to a crucial support level.

ETH/USD has decreased since reaching a high of $1,345 earlier in the day due to the ongoing high level of price uncertainty. The second-largest cryptocurrency in the world as of this writing is trading at $1,327, just over its $1,330 floor.

Similar to bitcoin, the 14-day RSI is currently trading below a recent high of 42.00, which has been in place for the past two weeks. This has contributed to the token's sideways trajectory, which has recently seemed to stabilise in the wake of the Merge event.

Should the data be stronger than markets had previously anticipated, this afternoon's consumer confidence report could function as a catalyst to break this period of consolidation.
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Advertise Your Stuff / What is Bitcoin Halving? Its Importance and effects

« on: September 30, 2022, 10:48:31 AM »

The available supply of fiat currencies fluctuates under the watchful eye of national central banks, whereas the total amount of Bitcoin is fixed and immutable. Even though Bitcoin is a digital currency, it cannot be generated indefinitely. Bitcoin maintains its inflation rate and scarcity with the help of two concepts.

First and foremost, there will only ever be 21 million bitcoins. Second, every four years, the quantity of new bitcoin added to the network will be cut in half. This second idea is known as halving. In this process, the Bitcoin system automatically decreases the number of new coins released with each new block. Let’s have a detailed look at it.
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Cryptocurrency Trading / Crypto Update news 29, Sep: Bitcoin Remains Below $20,000, XRP Up 10 percent

« on: September 30, 2022, 10:37:57 AM »

Crypto Market in Neutral.
Crypto market remains neutral and kept aside the correlation with US Nasdaq. Bitcoin bounce from support level of $19,000 – 18,600 and pushed towards the north but btc facing hard resistance from 21MA in daily TF. The global crypto market cap continues down to the psychological $1 trillion level, the prices of top two coins – Bitcoin (BTC) and Ethereum (ETH) – remain Green.

The global cryptocurrency market cap rise by 0.2% to $0.984 trillion in the last 24 hours, according to CoinGabbar data at the time of writing. The total crypto market volume over the last 24 hours was $102.5 billion.

BTC price has rise by 0.39 % in the last 24 hours. At the time, BTC was trading at $19,480. In the last 7 days, BTC price has rise by 5.69%. Bitcoin (BTC) dominance rise from 38.51% to 37.99 % while ETH dominated 19.12% of the total crypto markets.

The Federal Reserve has determined when interest rates will be increased once more. A 75 basis point rise in interest rates was approved by the Federal Open Market Committee with a 12-0 majority. Both Bitcoin and Ethereum fell along with the rest of the cryptocurrency market when the Fed's rate hike was announced.

Ethereum successfully completed its historic Merge on September 15, 2022. It is referred to as the biggest upgrade in the history of the bitcoin industry. According to ETH, Ethereum successfully transitioned to proof-of-stake consensus, formally deprecating proof-of-work. This will eventually reduce energy consumption by 99.95%.

Top Crypto Prices
Ethereum (ETH): Ethereum price rise by around 0.24% to $1,332 in the last 24 hours. In the last 7 days, ETH price has rise by over 7.6%. It is currently ranked as the 2nd largest crypto asset on CoinGabbar.

Binance (BNB): Binance Chain coin’s price rise to $283, by 0.59% in the last 24 hours. In the last 7 days, BNB price has rise by over 7.13%. It is currently ranked as the 5th largest crypto asset on CoinGabbar.

XRP: XRP coin’s price rise by 10.3% to $0.4951 in the last 24 hours. In the last 7 days, XRP price has rise by nearly 25.8%. It is currently ranked as the 7th biggest crypto on CoinGabbar.

Solana (SOL): Solana price rise 2.5% to $33.9 in the last 24 hours. In the last 7 days, SOL price has fall by nearly 10.7%. It is currently ranked as the 9th biggest crypto asset on CoinGabbar.

Cardano (ADA): Cardano token’s price fall by 0.9% to $0.4357 in the last 24 hours. In the last 7 days, ADA price has fall 0.74%. It is currently ranked as the 8th biggest crypto asset on CoinGabbar.

Dogecoin’s (DOGE) price fall by 0.02% in the last 24 hours. DOGE is currently ranked 10th. The price of DOGE at the time of this report was $0.06052.

Price of Polkadot (DOT) rise by 0.31% in the last 24 hours to $6.41. Avalanche (AVAX) price fall by nearly 0.29% to $17.19 in the last 24 hours. Both DOT and AVAX are currently ranked 11th and 17th respectively on CoinGabbar.

Polygon (MATIC) price rise by around 1.24% to $0.7565 in the last 24 hours. In the last 7 days, MATIC price has rise by around 7.68%. It is currently ranked 15th on CoinGabbar.

Shiba Inu (SHIB) rise by 0.27% in the last 24 hours to $0.00001106. It is currently ranked 12th on CoinGabbar.
For more information visit Coingabbar.com

Bitcoin Forum / BITCOIN PRICE ANALYSIS CMP-$19400 The 100-day simple moving average may initiate

« on: September 29, 2022, 10:39:25 AM »

Incentivised Posting / Shill / BITCOIN PRICE ANALYSIS CMP-$19400 The 100-day simple moving average may initiate

« on: September 29, 2022, 10:15:27 AM »

Bitcoin has shown some strength during today's trading session after revisiting the bottom of a key trendline.
The benchmark cryptocurrency has been trading in a narrow range between $18,500 and $19,500, but the monthly close may favour a spike in volatility as bulls and bears fight for this candle.

Bitcoin has experienced a lot of investors at $18,500 against the US dollar. BTC is regaining strength, and a sudden increase above the $20,000 barrier level is possible.

Bitcoin's price has dropped from above the $20,000 pivot level. BTC fell below $19,000, however bulls were active at the $18,500 support zone.

The price appears to be strongly supported at the $18,500 level, with multiple rejections visible in the same area. The price is now rising, and it has broken over the $19,000 barrier level. The bulls pushed the price above the 50% Fib retracement level of the decline from the swing high of $20,383 to the low of $18,487.

Bitcoin is currently trading above $19,000, with the 100 hourly simple moving average hovering around $19240. On the hourly chart of the BTC/USD pair, a short-term channel is forming with support at $19,280.

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Advertise Your Stuff / Why Does SEC Say XRP Is A Security? Lawyer Reasons

« on: September 29, 2022, 09:13:29 AM »

The long-running legal dispute between the US SEC and Ripple has just seen petitions for summary judgement filed, which has relieved the XRP community.
According to experts, the commission failed to prove that XRP is a security.

Will SEC's claim be unfounded?

However, based on the submitted motions, attorney James Filan has deduced the SEC's arguments. According to him, the commission denies that XRP is a security in and of itself.

It asserts that any purchase of XRP constitutes an investment in a joint venture between Ripple and the other holders of its native tokens. The SEC claims that an investment in the common enterprise is made regardless of whether there is horizontal or vertical commonality.

With this defence, the SEC contends that even though XRP might not technically be a security. However, the only practical way to offer or trade XRP is as a security.

The SEC is attempting to obtain a judgement over the included secondary sales, according to Filan.

Watchdog missing critical motion-based events
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Advertise Your Stuff / SEC Charges Cryptocurrency Company, Sparking Massive Backlash

« on: September 29, 2022, 08:59:52 AM »

The SEC vs. cryptocurrency battle continues to exist.
The US Securities and Exchange Commission has charged The Hydrogen Technology Corporation for manipulating crypto asset securities. Hydrogen is a Web3 and financial technology company that has its own native cryptocurrency, Hydro.

The SEC claims that Hydrogen profited over $2 million by manipulating the trading volume and pricing of Hydro. The SEC is also accusing Michael Ross Kane, the former CEO of Hydrogen. The Commission has also named Tyler Ostern, the CEO of Market making business Moonwalkers, as an accomplice in the fraud.

According to the SEC, the defendants were involved in selling unregistered crypto asset securities.

SEC Stance Against Crypto

The SEC has been in the headlines recently owing to its regulation and jurisdiction over the crypto sector. The SEC is taking a strong stance against selling unregistered crypto tokens, which it claims are securities. According to SEC chief Gary Gensler, he feels confident in referring to Bitcoin as a commodity. Other tokens, including Ethereum, may be subject to SEC regulation.
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Cardano Forum / Plutus V2 Scripts All Set To Go Live On Cardano Mainnet

« on: September 28, 2022, 11:02:52 AM »

The second set of the Vasil hard fork will go live on the Cardano mainnet at epoch 366, which is expected to take place at 03:15 AM on September 28.
Plutus V2 scripts, diffusion pipelining, reference inputs, inline datums, and reference scripts will all be accessible for developers to utilize. As a result, the Cardano price has increased by over 3% in the last 24 hours. However, the ADA price remains in a range of around $0.45.

Vasil Hard Fork Second Cardano Mainnet Event

On September 23 at 3:15 AM IST, the IOG and Cardano Foundation teams successfully initiated the Vasil hard fork on the Cardano mainnet. Furthermore, on September 23, the team successfully uploaded the Plutus V2 cost model to mainnet. This will make full Vasil capabilities accessible to developers on September 28 at epoch 366.

On the Cardano mainnet, the second set of the Vasil hard fork will enable new Plutus functionality and the Plutus V2 cost model. According to IOG, developers will be able to use node and CLI support for reference inputs, inline datums, reference scripts, and collateral outputs, as well as the Plutus pricing model.

The Plutus V2 script enhances Cardano's smart contracts platform. It also allows for better transaction throughput and cost-efficiency. Diffusion pipelining enhances Cardano network capacity by allowing for quicker block propagation.

As a result, it enhances transaction speed, scalability of DApps, and reduced transaction costs on the Cardano network.

According to reports, the Vasil node 1.35.3 creates 100% of mainnet blocks. In addition, the community has staked approximately 25 billion ADA tokens, and 94% of pools have been upgraded with the latest node 1.35.3.
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Advertise Your Stuff / Is Do Kwon's Big Statement Causing Terra Tokens Price to Increase?

« on: September 28, 2022, 10:58:56 AM »

Do Kwon, the co-founder of Terraform Labs, is said to have vanished after the historic cryptocurrency crash.
But he clarified the issue of eluding the law in a recent Twitter conversation.

Does Kwon evade Interpol?

According to rumours, Do Kwon has been the subject of an official Red Notice from Interpol, the International Criminal Police Organization. This upgrade impacted the recently launched Terra Classic (LUNC) and the already-collapsing Terra Classic (LUNC) pricing (LUNA).

However, DO Kwon responded to the claim that he is evading the internationally commissioned investigation. According to Terra Chief, he is making Zero attempt to remain hidden. He continued by saying that although he frequents malls and walks, no one has seen him lately.
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Advertise Your Stuff / Crypto Update news 26, Sep: High Volatility in Crypto Market.

« on: September 28, 2022, 10:47:19 AM »

Crypto Market in Red.
The Crypto market faced high volatility by bulls and bears and it remains red, consolidating in tight range at support level of $19,000 – 18,500. Bitcoin facing resistance from 10MA and 21MA in daily TF. The global crypto market cap continues down to the psychological $1 trillion level, the prices of top two coins – Bitcoin (BTC) and Ethereum (ETH) – remain Red.

The global cryptocurrency market cap fall by 0.4% to $0.965 trillion in the last 24 hours, according to CoinGabbar data at the time of writing. The total crypto market volume over the last 24 hours was $94.15 billion.

BTC price has fall by 0.77 % in the last 24 hours. At the time, BTC was trading at $19,074. In the last 7 days, BTC price has fall by 2.38%. Bitcoin (BTC) dominance rise from 37.53% to 37.74 % while ETH dominated 18.20% of the total crypto markets.

The Federal Reserve has determined when interest rates will be increased once more. A 75 basis point rise in interest rates was approved by the Federal Open Market Committee with a 12-0 majority. Both Bitcoin and Ethereum fell along with the rest of the cryptocurrency market when the Fed's rate hike was announced.

Ethereum successfully completed its historic Merge on September 15, 2022. It is referred to as the biggest upgrade in the history of the bitcoin industry. According to ETH, Ethereum successfully transitioned to proof-of-stake consensus, formally deprecating proof-of-work. This will eventually reduce energy consumption by 99.95%.
for more information visit coingabbar.com

Litecoin Forum / LITECOIN PRICE ANALYSIS CMP-$55.00 Bulls are aiming to break the $56 mark

« on: September 27, 2022, 02:46:53 PM »

The Litecoin chart indicates a significantly higher level of bullish momentum, with the LTC/USD pair breaching over the $55.00 barrier.
The price is now trading very close to the $55.40 resistance level, which is likely to result in significant selling pressure in the near term. The crypto pair's support has been increased to $55.09.

The LTC/USD pair is currently trading in an uptrend, with the coin increasing by more than 4.63% in the last 24 hours. This has been made possible by the current market surge that has taken place in recent hours. Most cryptocurrencies, as well as Bitcoin and Ethereum, are currently in buying mode. At the same time, Litecoin is showing some potential bullish movement, which is a positive sign for buyers.
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Advertise Your Stuff / Stellar Price Falls, Will the Bulls Overcome Resistance Block?

« on: September 27, 2022, 02:45:20 PM »

Over the last 24 hours, the Stellar price has continued to fall. XLM lost more than 6% of its market value in the last 24hrs.
Stellar has recently recorded positive price sentiment as a result of an update that spread optimism among the XLM community.

In the latest update, Stellar users may now transfer USDC and Stellar Lumens via email. Despite the update, technical indications on the one-day chart have sided with the bears.

Even though there are more buyers than sellers, purchasing power has dropped significantly.

In the last week, Stellar price increased by more than 7%. However, the bulls appear exhausted at press time. The current support zone for XLM stands between $0.111 and $0.106. If the Stellar price falls below $0.106, it will touch $0.99.
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Most cryptocurrencies will require additional market support to recover. If buyers do not gain momentum and XLM does not break over the 20-SMA, the altcoin's price will further drop.

Stellar Technical Analysis: 1D Chart