Day: January 5, 2024

Celestia Adds 35% More To Its Value As TIA Guns For $20

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One of the cryptocurrencies with the strongest performance over the last several months is TIA, the governance token of Celestia. A few points above its previous record high of $15.20, it surged to a new high of $16.15 today. To the delight of traders and investors, the altcoin’s value has increased by over 35% during today’s rise, according to statistics from Coingecko. This strong performance puts TIA on track to hitting its $20 target. Since October of last year, when TIA was at its lowest, it has increased by more…

3 cryptocurrencies for gaming in 2024

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cryptocurrencies have found significant use in gaming, such that assets not initially created for games can be applied if they satisfy a few requirements. There already is a large market for blockchain gaming and the applicable crypto assets, by extension, as nearly half of all blockchain activity came from gaming in January alone.  There are several benefits to gaming with crypto. Firstly, using cryptocurrencies in gaming helps streamline transactions and increases…

Dogecoin Price Prediction – DOGE Turns Attractive To Bears On Rallies

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Dogecoin started a fresh decline from the $0.0950 resistance against the US Dollar. DOGE could extend its decline unless there is a close above $0.090. DOGE struggled near $0.0950 and started a fresh decline against the US dollar. The price is trading below the $0.090 level and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.0920 on the 4-hour chart of the DOGE/USD pair (data source from Kraken). The price could start a recovery wave if it clears $0.090 and…

Ethereum Price Tops At 100 SMA, Why ETH Could Struggle In Near Term

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Ethereum price failed to recover further above the $2,300 resistance. ETH is showing a few bearish signs and might revisit the $2,080 support. Ethereum is struggling to clear the $2,280 and $2,300 resistance levels. The price is trading below $2,300 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $2,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,300 resistance zone. Ethereum Price Faces Rejection Ethereum price started…

$1.3B Loss As Chuck Norris-Endorsed CEO Turns Out To Be Illusion

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In a recent investigation by The Guardian, alarming details have emerged regarding a crypto project, HyperVerse, that allegedly lost $1.3 billion of investors’ funds.  The report reveals that the chief executive officer promoted by the project, supposedly backed by celebrity endorsements including Chuck Norris, appears to be absent. Investigation Exposes HyperVerse Crypto Scam HyperVerse, promoted by Australian entrepreneur Sam Lee and his business partner Ryan Xu, founders of the now-collapsed Australian Bitcoin (BTC) company Blockchain Global, has been scrutinized for its deceptive practices. The project attracted thousands of investors, who…

Bitcoin Price Faces Rejection, Here’s Why Dips Could Be Attractive

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Bitcoin price recovered further above $43,500 but struggled near $44,500. BTC is correcting gains and might test the $42,150 support zone. Bitcoin recovered above the $43,500 resistance and remained in a positive zone. The price is trading below $44,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $44,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could decline toward the $42,150 and $42,000 support levels. Bitcoin Price Holds Support Bitcoin price started a recovery…

Arbitrum Is Trending On Social Media, Time For ARB To Rip Higher?

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There is an upswing in social media mention of ARB, the native token of Arbitrum, a layer-2 scaling solution for Ethereum, suggesting growing interest and potential for price gains. According to AlphaScan data on January 4, ARB had the “best sentiment” in the last 24 hours, with more than 40% of all weekly mentions occurring within this timeframe. Notably, ARB was the most mentioned token, right behind Bitcoin. This surge in positive sentiment shows in the weekly timeframe, where over 30% of all monthly mentions occurred in the last week of…

Ascending Parallel Channel Pattern Points To $57,000 Target

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As anticipation builds around the potential approval or rejection of spot Bitcoin (BTC) exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) on January 5, the Bitcoin price has witnessed a notable 2.7% recovery in the past 24 hours.  This development comes amidst growing speculation about the patterns that could drive the Bitcoin price to reclaim the highs lost during the bear market in 2022.  Notably, crypto analyst Ali Martinez has identified an ascending parallel channel as the governing pattern behind the Bitcoin price action since September 2023.…

Analyst Predicts 76% Lido DAO Rally If This Ascending Triangle Break Happens

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An analyst has explained that Lido DAO (LDO) could rally toward a new all-time high of $6 if a sustained breakout above this pattern occurs. Lido DAO Has Been Forming An Ascending Triangle Recently In a new post on X, analyst Ali discussed an Ascending Triangle that has been taking shape in Lido DAO’s weekly price chart. An “Ascending Triangle” is a pattern in technical analysis that, as its name suggests, has a triangular shape. This pattern has two main lines: an upper level that’s horizontal (that is, parallel to…