Day: September 18, 2020

Ripple (XRP) Above 100 SMA Signals Fresh Increase: The Big Picture

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Ripple is slowly moving into a positive zone above the $0.2480 support zone against the US Dollar. XRP price is likely to accelerate higher as long as it is above the 100 SMA (H4). Ripple is trading in a positive zone above the $0.2480 support against the US dollar. The price is facing hurdles near $0.2580 and it is well above the 100 simple moving average (4-hours). There is a key expanding triangle forming with resistance near $0.2600 on the 4-hours chart of the XRP/USD pair (data source from Kraken).…

Ethereum Lacking Momentum, But Here’s Why ETH Could Surge Past $400

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Ethereum extended its rise above the $390 zone and traded close to $400 against the US Dollar. ETH price is currently correcting lower and it is likely to find support near $380. Ethereum is trading in a positive zone and it recently broke the $390 resistance. The price traded as high as $395 and settled well above the 100 hourly simple moving average. There is a major bullish trend line forming with support near $378 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to…

Coinbase Pro passes gas fees to users as ETH miner revenue hits 5 year high

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Ethereum miners’ hourly revenue has hit a five-year record, with fees currently bringing in 2,275 ETH ($880K) per hour. The spike was triggered by yesterday’s announcement that Uniswap would airdrop it’s governance token UNI to past users of the decentralized exchange. Following the UNI announcement, more than 70,000 users rushed to claim free tokens and the gas price surged past 700 Gwei. Crypto analytics firm Glassnode tweeted that fees had topped $1 million in an hour: Following UniswapProtocol’s announcement of the $UNI token today, #Ethereum saw a massive surge in…

UNI defies price dump predictions, emerges as top 20 DeFi token

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The token, which was airdropped to past Uniswap users in batches of 400 per wallet without warning yesterday, has defied predictions that the market would crash from its initial pricing of $3 as the 75,235 users who have claimed so far raced to dump their free coins. Instead UNI has establishing a trading range of between $2.60 and $3.80 over the past 12 hours. UNI, the governance token of the decentralized exchange (DEX) Uniswap, has emerged from its first 24-hours of trading as a top-65 ranked crypto asset by market…

Technicals Suggest Bitcoin Looks Ready For Another Leg Higher Over $11K

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Bitcoin price corrected lower, but it found support near the $10,750 zone against the US Dollar. BTC is currently rising and it looks ready for another break above the $11,000 resistance. Bitcoin is trading in a positive zone above the $10,650 and $10,750 support levels. The price is likely to break the $11,000 resistance as long as it is above the 100 hourly simple moving average. There is a key bullish trend line forming with support near $10,880 on the hourly chart of the BTC/USD pair (data feed from Kraken).…

Bitcoin Unlimited Launches Two-Option Voting App Powered by Bitcoin Cash

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On September 16, the Bitcoin Unlimited development team launched a new application called Votepeer. The software is powered by the Bitcoin Cash network and allows anyone to set up a transparent two-option voting process. This week a couple of Bitcoin Unlimited (BU) developers released a new voting protocol called Votepeer. BU software engineers, Dagur and Jørgen Svennevik Notland, revealed the initial version of Votepeer, which can be located at the website voter.cash. “Votepeer is powered by Bitcoin Cash and allows anyone to easily set up a two-option vote using the…

Binance USD is coming to Dapper Labs’ Flow blockchain

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The U.S. dollar stablecoin of top crypto exchange Binance, BUSD, has become the latest stable token to announce it will launch on Dapper Labs’ Flow blockchain. The news comes just days after the platform added the rival USD Coin (USDC) stablecoin. Dapper Labs, the team behind pioneering non-fungible token (NFT)-powered games CryptoKitties and NBA TopShot, began working on Flow to address the scaling issues with Ethereum (ETH) that CryptoKitties starkly exposed after launching in late 2017. The new partnership will allow developers building on Flow to permissionlessly integrate BUSD into…

UNI Listed on Major Exchanges Within 24 Hours of Launch

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UNI tokens were launched yesterday on September 17, and the world’s largest cryptocurrency exchange platform Binance snapped the token up immediately on the same day, announcing both the UNI token listing and also UNI/USDT perpetual contracts on the Binance Futures platform. Other major exchanges have been quick to jump on the bandwagon as well for good reason, including Coinbase and OKEx on the same day. Known for its ‘Coinbase Effect’, coins which are listed on US-based crypto exchange Coinbase will typically see a surge in price. After the announcement of…

Tether market cap increases almost 4X in 2020 to $15 billion

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The surging DeFi sector has resulted in a mass minting of Tether in 2020 — including $3B last month alone — which has pushed its market capitalization over $15 billion. At the beginning of the year there was just over $4 billion USDT in circulation, and today that figure is over $15 billion. DeFi has been the driving force behind the Tether mining machine as more and more liquidity pools are based on stablecoins. It was reported that Tether’s average daily transfer value had exceeded that of PayPal late last…

Record $1B in tokenized Bitcoin shows BTC holders want a slice of DeFi

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After failing to hold the $11K mark and exposing what some analysts have described as a general apathy to trade BTC at these levels, Bitcoin (BTC) price is once again flirting with $11,000.  As suggested by Cointelegraph contributors Marcel Pechman and Micheal van de Poppe, a move above $11K is not a deeply significant milestone as the confluence of multiple factors, including looming overhead resistance and low trading volume decrease the likelihood that the digital asset will breakout once above $11K. Cryptocurrency daily market performance snapshot. Source: Coin360 The supposed…