Month: September 2023

BNB Trading Sideways – Is Stagnation Likely Until October?

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Binance Coin (BNB) finds itself in a state of limbo as it extends its sideways pattern on the lower timeframes. BNB has been treading water for nearly a month, caught in a tight range between the support at $205 and a stubborn resistance zone spanning $220 to $225.  While on-chain metrics hint at the potential for a short-term price surge, BNB bulls are grappling with the challenge of breaking free from this extended sideways pattern. As of the latest data from CoinGecko, BNB is currently priced at $216.74, with a…

Bitcoin analysis predicts ‘spicy’ BTC price into FOMC as $27K holds

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Bitcoin (BTC) held $27,000 into Sep. 20 as the key macroeconomic date of the cryptocurrency trading week arrived. BTC/USD 1-hour chart. Source: TradingView Market “set to accommodate” BTC price volatility Data from Cointelegraph Markets Pro and TradingView showed the BTC price focus shifting upward compared to the week prior. Crypto markets showed conviction into the decision on interest rates by the United States Federal Reserve. The Federal Open Market Committee (FOMC) was due to announce its latest changes at 2pm Eastern time on the day. As Cointelegraph reported, expectations almost…

Circle Launches Its USDC Stablecoin on Polkadot Asset Hub

Circle emphasized that Circle Account and Circle APIs will exclusively facilitate the use of Polkadot USDC, natively issued within the Polkadot Asset Hub. Circle’s native stablecoin USDC, also the second-largest stablecoin by market cap, is now gearing up for a launch on the Polkadot blockchain, as it continues to expand across different blockchain platforms. On Tuesday, September 19, Circle made the official announcement of launching the USDC Coin on the Polkadot network. As per Circle’s website, Polkadot USDC is now readily accessible to developers and users. Thus, users can seamlessly…

Instacart Stock Jumps 40% on Nasdaq IPO Debut, Closes at 12% Up

Instacart had a successful IPO and closed the day 12% higher, reeling in $420 million in cash from the Nasdaq offering. American grocery delivery company Instacart (NASDAQ: CART) has finally concluded its initial public offering (IPO) on the Nasdaq, closing 12% higher on the day. The company’s stock, in after-hours trading, is exchanging hands at $32.95, 2.23% down from its $33.70 close. The Instacart IPO saw the company’s shares initially spiking 40% to open at $42 but eventually lost some of the gains. As of Monday, Instacart’s valuation was at $10…

Decoding The Fed: Bitcoin And Crypto Post-Tightening

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As the market braces itself for the Federal Reserve’s imminent announcement regarding its monetary policy, speculations are rife about the potential impact on Bitcoin and crypto. Based on Grayscale’s recent analysis by Zach Pandl, today’s announcement could be the critical juncture the Bitcoin and crypto community has been awaiting. In the aftermath of the COVID-19 crisis in 2020, the Federal Reserve embarked on a path of significant monetary easing to reignite the US economy. Their initial stance was one of unwavering support: “The Federal Reserve committed to overstimulating the US…

Avalanche Developer Daniel Sesta Releases WAGMI Tokens

Sestagalli is behind formerly top Avalanche projects like Wonderland, a treasury-backed currency protocol, and Abracadabra, a platform that provides collateral based on yield-bearing assets deposited by users. SPELL, TIME and MIM – three tokens associated with the two projects – had a combined market capitalization of over $6 billion at their peak, data from CoinGecko shows, making Sestagalli one of the most influential developers in the crypto ecosystem at the time. Source

PancakeSwap is resilient, experts bullish on Uniswap and Tradecurve Markets

Following its recent recovery, crypto analysts are bullish on Uniswap (UNI). PancakeSwap (CAKE) is also firm, finding support at a critical line. Meanwhile, Tradecurve Markets (TCRV) continues to gain momentum in its quest to better serve crypto traders in 2023.  Experts bullish on Uniswap Uniswap is a decentralized exchange (DEX) that is changing how traders swap tokens.  Launched in 2018 by Hayden Adams, Uniswap enables token swaps without intermediaries. Unlike most DEXs, it has a user-friendly interface and is community-centric. Following a bounce off the $4.00 support on Sep. 11,…