Tag: Top

Top or bottom? Traders at odds over whether Bitcoin will keep rising

Bitcoin (BTC) touched $44,000 a second time on Jan. 12 amid increasing divergence of opinion about whether the price bottom is “in.”  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cryptox Markets Pro and TradingView showed the $44,000 mark acting as local resistance Thursday, following forecasts that $46,000 could soon return. Bitcoin stayed broadly higher overnight following the previous day’s United States inflation data, but for some, now was not the time to become overly confident. “BTC starting to feel a little toppy (local), although asks are diffused through some…

Metaxy Stirs Up Crypto Community with Its IDO on Top 4 Launchpads

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Metaxy, a Free-to-Play and Metaverse NFT game, will conduct its IDO on four launchpads: GameStation, KoiStarter, BinStarter, and DAOLaunch on January 17, 18 & 19, 2022. After a fruitful year of explosive growth and success of NFT games like Axie Infinity or Gods Unchained, it was only a matter of time before blockchain gaming exploded. With tonnes of NFT games in development, the crypto and blockchain community is eagerly awaiting their release, and they certainly have good reasons to do so. One game that has quickly risen and is set…

NBA Top Shot Bans User ‘FreeHongKong’

Dapper Labs’ popular NBA Top Shot non-fungible token (NFT) marketplace froze the account of a user whose handle is a reference to the basketball league’s fraught history with China. After submitting a photo of their passport in an attempt to cash out the account’s balance, a user with the name “FreeHongKong” was banned by Dapper’s support team for “providing false or misleading information during the verification process,” according to a Dec. 30 email seen by CoinDesk. “This activity breaches one or both of the Top Shot Terms of Use and/or…

Top 5 Staking Tokens To Consider in Investment Portfolio in 2022

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COVID-19 has caused many fatalities globally and poses a new and unprecedented hazard to public health, food systems, and the workplace. Cryptocurrencies gained importance when the economy worsened and uncertainty increased. Long-term crypto holders viewed staking as a way to earn rewards instead of merely keeping their coins in their wallets. Staking is an intriguing method to contribute to the security and efficiency of blockchain initiatives while simultaneously earning passive revenue. Consequently, the blockchain is more secure and can handle more transactions. Let’s check out five staking tokens worth investing…

Top 5 cryptocurrencies to watch this week: BTC, LINK, ICP, LEO, ONE

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LINK, ICP, LEO and ONE could rebound if traders sense that Bitcoin’s selling is near completion. Bitcoin (BTC) and most major altcoins remain under pressure as supports give way and bears sell at each rally attempt. This negative sentiment pulled the Crypto Fear & Greed Index to 10/100 on Jan. 8, one of its lowest readings ever. In comparison, 2021 had started on a bullish note with the reading hitting levels of 93/100, indicating “extreme greed.” This weak opening in the new year has not unnerved Bloomberg Intelligence analyst Mike…

$2.7 Billion in NFT Sales Recorded Last Month — Ethereum, Ronin, Solana Top 3 NFT Networks – Markets and Prices Bitcoin News

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This week Google Trends shows that the acronym NFT, which stands for non-fungible token, has reached a score of 100, the highest score a search query can get from the data analytics aggregator. Meanwhile, statistics indicate that during the last 30 days across ten different blockchains, there’s been $2.73 billion in NFT sales. NFT Monthly Volume Sees Close to $3 Billion in Sales — Axie Infinity, Clonex, MAYC Sales Reign While the crypto economy has seen a downturn, it’s too early to say whether or not it’s affecting NFT sales.…

Analysts Believe Bitcoin Price Cycle Is Incomplete, Trader Says BTC’s ‘Next Move Should Be Cycle’s Top’ – Market Updates Bitcoin News

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The price of bitcoin is down 16% over the last 30 days and since the crypto asset’s all-time high (ATH) on November 10, 2021, bitcoin has lost more than 38% since it surpassed $69K per unit that day. Meanwhile, crypto advocates are furiously debating whether this is a bitcoin bear market or if the bull market is still intact. To many observers bitcoin’s current market cycle is not complete, as no solid peak had formed, and speculators still expect another bubble to come to fruition. The Four Phases of the…

‘Dip’ ‘Buy’ and ‘Fed’ top trending topics on social media, per survey

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Over the past seven days, the top trending words on cryptocurrency social media are “dip”, “buy” and “Fed”. Plus, the word “sell” fell out of the top 10 trending topics last night despite spiking sharply on Tuesday.  According to crypto market data aggregator Santiment, social media users from Meta to Telegram to Twitter have formed a choir and they’re all singing from the same hymn sheet. “Dip” and “buy” are the top one and three trending words, while “Fed”, or Federal Reserve, sits at number six. The behavior analysis and…

Polkadot, Solana Biggest Losers Among Top Cryptos

Among the top ten cryptocurrencies by market capitalization, tokens of Ethereum rivals Avalanche (AVAX), Terra (LUNA), and Solana (SOL) – the so-termed ‘SoLunAvax’ trade – fell as much as 12% in the past 24 hours. Polkadot (DOT), another Ethereum rival, saw its tokens fall by 14% before seeing a slight revival in Asian hours on Thursday. Source

Top Bitcoin mining country Kazakhstan turns off internet amid protests

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Kazakhstan, which boasts the second-largest (BTC) mining hash rate in the world, is experiencing major internet disruptions amid local anti-government protests. Network data provider NetBlocks reported Wednesday that Kazakhstan was “in the midst of a nation-scale internet blackout after a day of mobile internet disruptions and partial restrictions.” According to the data, the normalized network connectivity in Kazakhstan fell to 2% on Wednesday. “The incident is likely to severely limit coverage of escalating anti-government protests,” NetBlocks noted. Source: NetBlocks Kazakhtelecom, the largest telecom company in Kazakhstan, has shut down the…