Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Messages - Cinno3

Pages: 1 ... 26 27 [28] 29 30

406

Ethereum News & Updates / Ethereum Leads DeFi Tokens On A 60% Average Fall From Summer Highs

« on: October 22, 2020, 04:05:00 PM »

Ethereum is the top dog when it comes to DeFi. Other decentralized finance tokens are built on its blockchain and require ETH gas fees to transact. This also could be why the top-ranked altcoin is held up a lot better than the rest of the DeFi space, which has fallen on average 60% across the board, Ethereum included.

Just how far have these assets fallen from recent Summer highs, and how much deeper could DeFi dive into the end of the year?
More: https://www.newsbtc.com/news/ethereum/ethereum-leads-defi-tokens-on-a-60-average-fall-from-summer-highs/

407

Ethereum News & Updates / Crashing Sentiment Surrounding Ethereum Points to an Imminent Move Higher

« on: October 22, 2020, 02:29:02 PM »

Ethereum’s price action has been rather lackluster as of late, which has been the unfortunate result of its close correlation to Bitcoin.

This correlation has suppressed its strength and caused it to see a prolonged bout of sideways trading, but it may soon help lead the cryptocurrency higher as analysts look towards it seeing further upside in the days and weeks ahead.

It still remains below a few key levels that may act as hurdles for it, including $360 as well as the region between $380 and $400.
More: https://www.newsbtc.com/news/ethereum/crashing-sentiment-surrounding-ethereum-points-to-an-imminent-move-higher/

408

Ethereum News & Updates / These 3 Trends Show That Ethereum’s DeFi Space Has Room to Grow

« on: October 22, 2020, 02:23:18 PM »

Decentralized finance coins based on Ethereum have undergone strong rejections over recent weeks. Nothing shows this as well as the price action of Yearn.finance (YFI), which has almost halved since its highs of $44,000 set just weeks ago. The coin now trades at $24,000 after it faced a series of technical and fundamental challenges that resulted in the drop.

There are some that think Ethereum DeFi is in the midst of a larger correction, especially as the industry is up hundreds of percent since the start of 2020.
More: https://www.newsbtc.com/news/ethereum/these-3-trends-show-that-ethereums-defi-space-has-room-to-grow/

409

Ethereum News & Updates / Chainlink Following In 2017 Ethereum Footsteps Could Fuel Rise To $75

« on: October 22, 2020, 02:19:39 PM »

Chainlink’s recent price action closely resembles a sharp pullback in Ethereum in 2017 during the crypto market bull run. If the booming decentralized oracle token continues to follow the top altcoin’s previous trajectory, $75 per LINK token might be possible as its next major peak.

Chainlink Price Action Matches Another Top Altcoin’s Crypto Bubble Momentum
The last two years of a bear market has decimated crypto market valuations, except for Chainlink. The cryptocurrency was born post-bubble pop, resulting in a clean slate over the last two years that have helped keep it climbinging value.
More: https://www.newsbtc.com/news/ethereum/chainlink-following-in-2017-ethereum-footsteps-could-fuel-rise-to-75/

410

Ethereum News & Updates / Ethereum Prints Bullish Technical Pattern, Why Close Above 365 Is Critical

« on: October 22, 2020, 02:16:40 PM »

Ethereum is showing positive signs above the key $355 support against the US Dollar. ETH price could accelerate higher if it clears the $365 resistance zone.

Ethereum is slowly rising and it is now trading well above the $355 support.
The price is currently testing the $362 resistance and is above the 100 hourly simple moving average.
There is a major bullish trend line forming with support near $355 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is likely to continue lower if it breaks the $365 and $365 resistance levels.
More: https://www.newsbtc.com/news/ethereum/ethereum-prints-bullish-technical-pattern/

411

Ethereum News & Updates / Maker (MKR) Surges 7% as Stability Fees Introduced, DeFi Regains Footing

« on: October 22, 2020, 10:49:46 AM »

While decentralized finance (DeFi) has seen a strong surge in 2020, Maker (MKR), a token strongly tied to DeFi, has underperformed. The cryptocurrency, relative to its competitors, is underperforming; where Aave’s LEND and Synthetix’s Synthetix Network Token surged hundreds of percent in this year alone, MKR only saw a 20-30% move higher.

The market may be changing its mind on MKR, though.

The coin is up 7% in the past 24 hours and seems poised to see further growth as the fundamentals of the underlying MakerDAO protocol align in favor of growth.
More: https://www.newsbtc.com/news/ethereum/maker-mkr-surges-7-as-stability-fees-introduced-defi-regains-footing/

412

Ethereum News & Updates / Ethereum Bears Hold Strong At $360: Indicators Show Risk of Downside Break

« on: October 22, 2020, 10:45:32 AM »

Ethereum is struggling to clear the $360 and $365 resistance levels against the US Dollar. ETH price is showing bearish signs and it could dive below $350 and $345. Ethereum Price is Facing Many Hurdles
Ethereum remained stable above the $350 support level, but it is still facing a heavy resistance near the $360 and $365 levels. ETH started an upward move from the $350 low and climbed above the 100 hourly simple moving average.

There was a break above the 23.6% Fib retracement level of the downward move from the $369 high to $350 low. However, the $360 resistance and the broken bullish trend line seems to be acting as a strong resistance for the bulls.
More: https://www.newsbtc.com/news/ethereum/ethereum-bears-hold-strong-at-360/

413

Bitcoin News & Updates / Yearn.Finance (YFI) Could Fall To $15K “If” Bitcoin Brings Down Crypto

« on: October 22, 2020, 10:43:12 AM »

Yearn.Finance (YFI) is one of the most talked-about cryptocurrencies of 2020, both due to its scarce 30,000 token supply and its miraculous price increase to more than 1 BTC in value.

However, the DeFi token could fall to $15,000 or deeper if Bitcoin brings down the rest of the crypto market.
More: https://www.newsbtc.com/news/yearn-finance-yfi-could-fall-to-15k-if-bitcoin-brings-down-crypto/

414

Ripple News & Updates / Sweeping Changes Coming to Finance, Ripple CTO Believes XRP Can Benefit

« on: October 22, 2020, 10:39:17 AM »

Ripple CTO David Schwartz weighs in on discussions of a “Great Financial Reset” by saying talk of a one-world currency is premature.

However, Schwartz acknowledges that a global network of central bank digital currencies (CBDCs) is coming soon. With that, he believes XRP, as a “neutral, jurisdictionless asset,” can benefit by acting as a bridge between CBDCs, and all other tokenized assets.
More: https://www.newsbtc.com/news/ripple/sweeping-changes-coming-to-finance-ripple-cto-believes-xrp-can-benefit/

415

Ripple News & Updates / Ripple (XRP) Smashes Key Resistance: Dips Could Be Attractive To The Bulls

« on: October 22, 2020, 10:36:52 AM »

Ripple rallied further 4% and it cleared the main $0.2550 resistance against the US Dollar. XRP price is now showing bullish signs, and dips could find strong bids near $0.2500 or $0.2450. Ripple Price Extends Rally
Yesterday, we saw a sharp rise in ripple above the $0.2450 resistance level. XRP even spiked above the $0.2500 resistance and tested the key $0.2550 resistance.

There was also a break above a significant bearish trend line with resistance near $0.2425 on the 4-hours chart of the XRP/USD pair. Later, there was a minor downside correction towards the $0.2450 support level. The bulls remained active above $0.2450, and the price started a fresh rally.
More: https://www.newsbtc.com/news/ripple/ripple-xrp-smashes-key-resistance/

416

Ripple News & Updates / XRP Up-Move To Leave Bitcoin And Tether Traders “Sidelined

« on: October 22, 2020, 10:31:28 AM »

XRP continues to lag behind the rest of the crypto market, including Bitcoin and Ethereum. It has resulted in the altcoin losing the third-ranked spot to the stablecoin Tether.

But all that’s soon going to change, according to one crypto analyst, who says Ripple will soon leave the rest of the crypto market sidelined as they look on in awe.
More: https://www.newsbtc.com/news/ripple/xrp-up-move-to-leave-bitcoin-and-tether-traders-sidelined/

417

Ripple News & Updates / Analyst Explains Why Latest XRP Price Rally May Fizzle Ahead

« on: October 22, 2020, 10:28:13 AM »

XRP emerged as the best-performing cryptocurrency in the last 24 hours after staying quiet for weeks.

The fourth-largest crypto added up to $0.02, or 9.28 percent, to establish an intraday high at $0.254. While the gains appeared almost in sync with the rest of the cryptocurrency market, they propelled higher as Ripple Labs, XRP’s parent firm, survived two fraud allegations against it.
More: https://www.newsbtc.com/news/ripple/analyst-explains-why-latest-xrp-price-rally-may-fizzle-ahead/

418

Ripple News & Updates / Ripple (XRP) Reaches Crucial Juncture: Technicals Suggest Crucial Breakout Patte

« on: October 22, 2020, 10:22:41 AM »

Ripple is holding the key $0.2380 support zone against the US Dollar. XRP price must climb above $0.2450 to increase the chances of an upside break above $0.2550. Ripple Price is Holding Critical Support
This week, we saw range moves in bitcoin, Ethereum, and ripple. XRP price remained stable above the key $0.2380 support level and it seems to be preparing for the next major break in the coming sessions.

The last swing high was near $0.2550 before the price corrected lower. It broke the $0.2450 support level. There was also a break below the 23.6% Fib retracement level of the key rise from the $0.2195 low to $0.2550 swing high.
More: https://www.newsbtc.com/news/ripple/ripple-xrp-reaches-crucial-juncture/

419

Ripple News & Updates / Ripple (XRP) At Risk of Sharp Decline, As Double Top Pattern Emerges

« on: October 22, 2020, 10:17:48 AM »

Ripple spiked higher and retested the key $0.2550 resistance area against the US Dollar. XRP price failed to break $0.2550 and it is now showing bearish signs below $0.2450. Ripple Price is Likely Forming a Double Top Pattern
This week, we saw a recovery wave in bitcoin, Ethereum, and ripple. XRP price broke the $0.2450 and $0.2550 resistance levels. The price even spiked above the $0.2520 level and settled above the 100 simple moving average (4-hours).

However, the price failed to the last key barrier at $0.2550. It seems like a double top pattern is forming near the $0.2550 level. Ripple is now trading well below the $0.2450 support and the 100 simple moving average (4-hours).
More: https://www.newsbtc.com/news/ripple/ripple-xrp-at-risk-of-sharp-decline/

420

Ripple News & Updates / XRP Enters Key Accumulation Zone as Analysts Eye Move to $0.28

« on: October 22, 2020, 10:12:42 AM »

XRP’s price action has been rather lackluster as of late, with both buyers and sellers being unable to garner clear control over its near-term trend as it hovers within the mid-$0.20 region.

This consolidation has largely come about as a result of that seen by Bitcoin, as the benchmark cryptocurrency has also been struggling to gain any clear momentum as its price oscillates between lows of $10,200 and highs of $11,200.

Because XRP has been moving in close tandem with BTC and the rest of the market, where it trends next will likely depend largely on whether or not the entire market is able to recapture its bullish momentum.
More: https://www.newsbtc.com/analysis/xrp-enters-key-accumulation-zone-as-analysts-eye-move-to-0-28/