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  • Bitcoin BTC prediction as the token continues to stall

    Bitcoin BTC prediction as the token continues to stall

    Bitcoin (BTC/USD) may have settled above $15,000, but the pressure is mounting. As of press time, the cryptocurrency was trading at $16,623, losing 1.32% on the day. BTC is also largely consolidating rather than making a directional move. A technical outlook shows a potential decline to the next low.

    Bitcoin’s price action comes when data shows that BTC holders are withdrawing their holdings from crypto exchanges. According to Glassnode, there is over $1.75 billion per month of mass exodus of Bitcoin from exchanges. The withdrawals come after the collapse of the crypto exchange FTX.

    Further, Glassnode data shows investors are flooding exchanges with dollar-pegged digital assets. More than $1.04 billion worth of stablecoins flowed into exchanges after the FTX fiasco. The rising suggests that investors are gearing up to buy the dip as most cryptocurrencies tanked.

    An increase in stablecoins flowing to the exchanges preempts investors’ expectations. However, it does not indicate that we have hit the market bottom. From the BTC perspective, this is illustrated by increasing bear pressure for the cryptocurrency. 

    BTC analysis as price stalls below key level

    BTC/USD Chart by TradingView

    On the weekly chart outlook, BTC has a confirmed break below the $19,500 level. The MACD indicator shows the cryptocurrency is bearish. The momentum is also weakening further. 

    Will Bitcoin proceed lower?

    The current BTC price level could fail to hold due to weak momentum. The price also trades at a non-support zone, meaning the cryptocurrency is yet to settle.

    Based on the technical indicators, a lower price is possible for BTC. The next established support for BTC lies lower at $11,000. However, the level around $14,000 has shown price action before and could provide support for BTC. 

    Where to buy BTC

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy BTC with eToro today

    Bitstamp

    Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.

    Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.


    Buy BTC with Bitstamp today

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  • Decentraland’s (MANA/USD) may take longer to see a recovery

    Decentraland’s (MANA/USD) may take longer to see a recovery

    Have you been looking to buy Decentraland’s (MANA/USD) this month? Unfortunately, a technical outlook shows the metaverse token is not ready yet. The token has claimed a new low in the year and looks increasingly bearish. At least, we expect a potential new low, and you would not want to chase the clouds for now. What is happening?

    A prolonged crypto winter has dealt a blow to the once-booming metaverse sector. Consequently, MANA has lost 92% of its value since November 2021. The token now trades at the lowest value since June 2021, losing its post-boom surge in the process. 

    Perhaps it has become lonely there in the metaverse as crypto winter ravages. According to data released by DappRadar last month, metaverse platforms, including Decentraland, are struggling to retain users. The low development activity has been responsible for the price weakness. Investors may have to wait longer before we see another recovery for the token.

    MANA technical outlook shows weakening momentum

    MANA/USD Chart by TradingView

    On the daily chart, MANA is on a clear downtrend. The key level at $0.8 was tested, allowing the cryptocurrency to proceed lower.

    Technical indicators are also bearish. Since August, the 20-day MA has never recovered above the 50-day MA. The MACD indicator remains in the bear zone. The momentum is weak, and the bear pressure is rising further.

    What next for MANA?

    MANA is heading to a bottomless pit after hitting the June 2021 lows. Although the bulls can arrest a further decline below the level, there is no such indication yet. 

    We hold a bearish view until suitable support is found and MANA shows sufficient upside. A recovery above the $8 resistance would be ideal to consider a bullish view.

    Where to buy MANA

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy MANA with eToro today

    Binance

    Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

    Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.


    Buy MANA with Binance today

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  • Trust Wallet Token (TWT/USD) – a cryptocurrency with 100% gains, but are higher prices possible?

    Trust Wallet Token (TWT/USD) – a cryptocurrency with 100% gains, but are higher prices possible?

    Trust Wallet Token (TWT/USD) has been the darling of investors this week. The token’s value has gained by triple digits in the past week, even as others soured over the weak crypto sentiment. If you have been wondering, the same reason that caused the decline of cryptocurrencies boosted TWT.

    The collapse of the FTX crypto exchange sent panic waves across crypto markets. With accelerated selloffs, over $1 billion was wiped out from the market. That’s because the collapse of a “sound” crypto exchange of the stature of FTX was least expected. At least not after the exchange positioned itself to help other struggling crypto firms to remain above the ground. But it happened, anyway, but TWT buyers had something to smile about.

    TWT hit an intraday high of $274 on November 14. The level was hit in a parabolic price move, as TWT overcame a low price of $1.0 as of November 10. The gains happened as whale accumulation intensified following the collapse of FTX. Investors were withdrawing funds from centralised exchanges in favour of self-custody wallets. The Trust Wallet gained in the process, with Changpeng Zhao also endorsing its post-FTX collapse.

    TWT price outlook and analysis

    Turning to the technical side, TWT has already been making slight but positive gains even before the FTX collapse. The latest cryptocurrency news just gave the token the catalyst to break above the $1.31 resistance level. 

    TWT/USD Chart by TradingView

    The moving averages are bullish for TWT. Turning to the RSI, TWT is deep in the overbought region. An imminent correction is likely, and a bubble burst could occur. The token is already initiating a correction and trades at $2.0.

    Time to exit TWT?

    Overbought conditions and a bubble burst could force a correction for TWT as investors adjust to the FTX scenario. 

    However, the price movement is positive for TWT as it has been making a slow bullish push before. The token should be on the investor’s watch list if bulls defend the key levels. The area around $1.36 and $1.31 should be watched.

    Where to buy TWT

    Binance

    Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

    Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.


    Buy TWT with Binance today

    Swapzone

    Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.


    Buy TWT with Swapzone today

     

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  • What is AnalDust ? A Binance Smart chain #memecoin ??

    What is AnalDust ? A Binance Smart chain #memecoin ??

    What is AnalDust ? A Binance Smart chain #memecoin ??

    ABOUT ANAL DUST

    Anal Dust is the story of a cryptocurrency community who had enough of being rugged, and having so-called “influencers” and callers take advantage of solid communities, only to fill their own pockets! Anal Dust started out with the goal of building a people-powered community to show the world what can be achieved when we all work together.

    Set to become “Meme of the Year”, Anal Dust plans to unite the entire space, and put an end to the ass fuckery once and for all! EVERYONE can have Anal.

    Moon or Dust!

    How to Buy https://poocoin.app/tokens/0x313bf7fcd96b8b9a924633284d4bf92546a63869

    IN THE LAST WEEK WHICH IS OUR FIRST WEEK, WE’VE HAD TOP COMMENTS UNDER KIM KARDASHIAN, PRESIDENT BIDEN, DOJA CAT, CNN, FOX NEWS, WORLD CUP TWEETS AND MANY MORE! WE’VE RECEIVED SEVERAL FREE SHILLS FROM TWITTER INFLUENCERS, AS WELL AS SOME LIKES FROM INFLUENCERS & ATHLETES. WE ARE OFFICIALLY A WEEK OLD TODAY AND HAVE MADE AMAZING PROGRESS BUILDING A WAVE! A WAVE THAT WILL SOON BECOME A TSUNAMI! ENJOY THE JOURNEY.

  • What is Hashbit Blockchain token ? Why is it pumping?

    What is Hashbit Blockchain token ? Why is it pumping?

    What is Hashbit Blockchain token ? Why is it pumping?

    HBIT is a 100% proof-of-stake cryptocurrency, constructed in Java. HBIT unique proof-of-stake algorithm does not depend on any implementation of the coin age concept used by other proof-of-stake cryptocurrencies.

    Buy hashbit token https://www.dextools.io/app/en/bnb/pair-explorer/0x8be0d805a2a54e6d49466617d2a865d63e7b4087

    What Makes HashBit Different From Others?

    is a rapidly growing open-source blockchain created in may 2021. HashBit has become one of the safest, fastest and most decentralized blockchain in existence.


     

  • What is Relaxable token ?

    What is Relaxable token ?

    What is Relaxable token ?

    Building products that help users relax, reduce stress, and get a good night’s sleep. 

    The app is available on both playstore and app store .

    Token is available on uniswap

    goal is to develop products and services that help people relax, reduce stress, and get a good night’s sleep.

    Mobile Relaxation App

    Our flagship product is the Relaxable.com mobile app which consists of relaxing videos, sounds, meditations, and stories. Our mobile app is currently available for download on iOS and Android devices. 

    Future

    The future of Relaxable.com includes expanding our products and services to include web3 integrations, sleepwear, clothing, herbal teas and more. 

    Ccontract https://etherscan.io/token/0x801dE502C493aa9d3F9F79A0348fbc00521b3001

    https://t.me/relaxable_official

  • Bitcoin price prediction: How low can it drop?

    Bitcoin price prediction: How low can it drop?

    Bitcoin price continued consolidating in Monday as a somber mood engulfed the cryptocurrency industry. The coin was trading at $16,760, which was slightly above last week’s low of $15,528. It has plunged by over 22% from its highest level this month, making November a nightmare for the coin.

    Somber mood engulfs the crypto industry

    Bitcoin price remained under intense pressure on Monday as concerns about the crypto industry continue. Recently, the most important crypto news was the collapse of FTX, the second-biggest exchange in the industry after Binance. 

    As a result, many cryptocurrency investors have decided to completely exit the industry altogether. Besides, other well-known and reputable companies like Voyager Digital and Celius have gone bankrupt as well. As such, with FTX gone, there are concerns about which company will be next. 

    Recent data shows that investor have pulled their cryptocurrencies from crypto exchanges like Binance and OKX. Also, Tether’s outflows have risen sharply in the past few days.

    Still, there is a silver lining for Bitcoin prices and other cryptocurrencies. In the evolution of all industries, such busts are common. For example, in the early 1900s, tens of banks were going under every year. That ended after the establishment of the Federal Reserve.

    Meanwhile, the same thing happened the early 2000s when everyone was investing in dot com companies. That ended tragically after the dot com bubble burst, costing investors billions of dollars. Since then, companies like Google, Cisco, and Amazon have thrived.

    Therefore, a silver lining in FTX’s crash is that regulators will move into the sector and set guardrails to protect investors. While more companies are likely to go bankrupt, it is a necessary process for weeding out bad apples.

    Bitcoin price forecast

    Is it safe to buy Bitcoin now? At this moment, the situation is relatively fluid and I suspect that there will be more negative headlines. The coin has crashed below the important resistance level at $18,156, which was the lowest level on October 13.

    Bitcoin has also moved below all moving averages. It also formed a dead cat bounce and a dead cat bounce last Friday. These patterns are usually signs of a continuation. Therefore, the coin will likely continue falling in the near term as sellers attempt to move below the support at $15,000. It will get worse before it gets better.

    The post Bitcoin price prediction: How low can it drop? appeared first on CoinJournal.

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  • 4% of Brits think crypto is a “woke” thing Gen Z loves

    4% of Brits think crypto is a “woke” thing Gen Z loves

    One of the greatest barriers to entry for cryptocurrency is undoubtedly comprehending it. 

    Blockchain technology is difficult to get one’s head around. It has only been around since 2009, so it can also be difficult sometimes to find good resources on where to learn about it. Not only that, but the repeated collapses – the FTX implosion being the latest – put people off looking into it. 

    Education is paramount. This is the single biggest thing I noticed when I visited El Salvador this summer, where Bitcoin is legal tender. So many people I talked with had difficulty truly understanding it.

    I was told by a Wallmart cashier that I could not pay with Bitcoin because I did not have the government-owned Chivo wallet. This is obviously false, as Bitcoin’s lightning network does not discriminate – you just need a QR code and the Bitcoin will go. It is a decentralised network and there is no such thing as certain wallets not being able to send to other wallets.

    One barman also said that he tried to learn about it but gave up after a week because he “didn’t have a computer brain”.

    It’s no different outside of El Salvador. I wrote recently about how 48% of Brits know almost nothing about crypto.  This is the same for countries all around the world. But since I have just moved to London, let’s dig into the British for the time being.

    Top Misconceptions

     Looking at a study by VoucherCodes.co.uk, they presented the below as some of the biggest misconceptions in the UK, which I have put together a chart for:

     

     I think the chart says it all.

    While the top two are hugely understandable, the others show that there is still a massive chunk of the British population that just do not understand crypto. That is perfectly fine. In fact, it’s a good thing – it shows how much further the industry could grow.

    But the first step to adoption is education. I actually think this is what they got wrong in El Salvador. Announcing Bitcoin as legal tender spontaneously – from a Bitcoin conference in Miami – without prior warning or discussion with the people is not the way to go.

    The UK, of course, won’t be announcing Bitcoin as legal tender anytime soon (although with the way the pound has been going recently, don’t rule anything out!).

    But the barriers are still here. And for the 2%: no, Elon Musk didn’t make cryptocurrency up. Unless they think he is Satoshi Nakamoto? I guess it can’t be ruled out.

    Sources

    VoucherCodes.co.uk

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  • Bitcoin could drop below $16k as the bearish trend continues

    Bitcoin could drop below $16k as the bearish trend continues

    Bitcoin has lost more than 20% of its value over the last seven days and could record further losses this week.

    The cryptocurrency market has recorded perhaps its worst week so far this week. Bitcoin and the other leading cryptocurrencies have been underperforming over the past few days.

    Bitcoin, the world’s leading cryptocurrency, has lost more than 20% of its value over the last seven days. It was trading above $20k per coin a week ago but is now trading around $16,500 per week.

    The bearish performance comes following the collapse of the cryptocurrency exchange FTX. FTX was one of the top five crypto exchanges in the world, and its collapse has thrown the crypto market into a deep bearish trend.

    The crypto exchange filed for Chapter 11 bankruptcy last week following its collapse. The total cryptocurrency market currently stands at around $831 billion, having lost more than $150 billion over the past few days. 

    With Bitcoin holding its ground above $16k, the leading cryptocurrency could record further losses over the coming days.

    Key levels to watch

    The BTC/USD 4-hour chart is extremely bearish, as Bitcoin has been underperforming over the past few days. Bitcoin’s technical indicators show that the bears are currently in control. 

    BTC/USD Chart By TradingView

    The MACD line is deep within the negative territory, indicating that the bulls might not regain control for a while. The 14-day relative strength index of 35 shows that Bitcoin could enter the oversold region if the bearish trend continues.

    At press time, BTC is trading at $16,620 per coin, down by more than 1% in the last 24 hours. With the bears still in control, BTC could dip below the $16,004 support level in the near term.

    In the event of an extended bearish run, Bitcoin could trade around the $15,669 level for the second time in a week. 

    Where to buy Bitcoin now

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy BTC with eToro today

    Bitstamp

    Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.

    Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.


    Buy BTC with Bitstamp today

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  • Here is what is happening and the potential price action next for Solana (SOL/USD)

    Here is what is happening and the potential price action next for Solana (SOL/USD)

    Solana (SOL/USD) is again flexing its muscles after losing half of its value in two days. On Friday, the cryptocurrency had recovered more than 20%. That ignites hopes that SOL would overcome a potential single-digit price. But how likely is the rally to be sustained? 

    You know that SOL has been falling heavily due to the potential unlocking of coins at the end of Epoch 370. The unlock has since been postponed, which has saved the token from a further decline. The postponing allows a restaking of the tokens, saving about 28.5 million SOL tokens from entering supply.

    Another factor that has helped SOL is a slightly improved crypto sentiment. US inflation data for October showed that prices rose by a below-estimate level. The data fueled a relief rally in cryptocurrencies, and SOL benefited in the process. The news at least bolsters an overall crypto sentiment that had been battered by concerns following the collapse of the FTX exchange.

    Still, SOL is not out of the woods. Data by DeFiLlama shows that activity on the blockchain has been on a downward spiral in the past one week. The total value locked on the blockchain is currently $471.69 million, from $1 billion on November 6. Clearly, the declining TVL could challenge a sustained SOL recovery. 

    SOL price outlook amid a relief rally in a bear market

    Source – TradingView

    SOL’s price outlook shows the token recovering from the oversold level of $11.7. The RSI has moved from the oversold level but remains below the midpoint. A further upside is possible for SOL as the relief rally looks strong.

    Should you buy SOL?

    Solana token will face a litmus test at $28. This is the established long-term resistance that was lost as the price crashed below.

    From a fundamental perspective, it is not wise to buy SOL now. The declining TVL could derail a sustained recovery in the token. For now, investors can enjoy the relief rally up to $28, which must be overcome to make a bullish call.

    Where to buy SOL

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy SOL with eToro today

    Binance

    Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

    Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.


    Buy SOL with Binance today

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