On Wednesday, Ukraine’s crypto fundraising effort announced that it would be conducting an airdrop to those who had made donations. (An airdrop is an unsolicited distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses.) There were few details of what crypto might be dropped, but a reasonable guess would have been some sort of “thank you” token with little explicit monetary value.
“I’ve been drawing ever since I was really young,” Yang said. “I like to constantly take in information, whether it’s the commercials, movies, music, videos, TV shows, anime.” But with Asian parents, there was a part of her life where she had to “forget about” the artsy part of herself.
My own support for it, by the way, does not stem from “some philosophy of libertarianism or whatever.” It is grounded in the practical reality that – to quote the pseudonymous Web 3 thought leader 6529: “There are no other constitutional rights in substance without freedom to transact.” The idea: It’s all very well for governments to profess support for free speech, but if they prevent citizens from obtaining or sending funds to pay for, say, a computer or for internet access, they effectively deny them that right.
Los principales impulsores del rendimiento de los mercados cripto se volvieron “más enmarañados” en febrero, ya que la escalada de las tensiones geopolíticas ha creado más incertidumbre sobre el posible camino de normalización que tomará la Reserva Federal de los Estados Unidos (FED, por sus siglas en inglés), dijo David Duong, jefe de Investigación Institucional de Coinbase.
Australian bitcoin miner Mawson Infrastructure Group (MIGI) has signed a 12 megawatt (MW) hosting co-location deal with Foundry Digital, just days after signing a 100 MW deal with Celsius Mining. (Foundry Digital is a subsidiary of Digital Currency Group, the parent company of CoinDesk.)
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In its filing under its corporate CVS Health (CVS) name, the company lays claim to “downloadable virtual goods, namely, a variety of consumer goods, prescription drugs, health, wellness, beauty and personal care products and general merchandise for use online and in online virtual worlds.”
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
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A major rally in Waves’ price this week that saw it nearly double risks faltering in the coming sessions due to a “death cross” technical pattern.
A death cross measure appears when an asset’s long-term moving average closes above its short-term moving average.
Notably, on the Waves’ weekly chart, its 50-week exponential moving average (50-week EMA; the red wave) jumped above its 20-week exponential moving average (20-week EMA; the green wave) in the week ending Feb. 21 — a bearish crossover.
That has been Waves’ first “death cross” occurrence on a weekly chart since June 2018. In both cases, the correction in the Waves market appeared due to sell-offs across the broader crypto market following a massive bull run.
As it happened, Waves fell by up to 85% after the 2018 death cross formation despite briefly closing above both its 20-week and 50-week EMAs in impressive but fake bullish rebound moves.
Therefore, Waves’ latest upside retracement, albeit its best weekly performance since April 2018, still treads under long-term bearish risks. As a result, a price drop below the 20-week and 50-week EMA could spell another selling round in the market.
To recap, Waves, the native token of a blockchain platform of the same name, rallied by as much as 88% week-to-date to reach over $21 apiece during the weekend.
As Cointelegraph covered earlier, migrating to Waves 2.0, a partnership with interoperable blockchain service provider Allbridge, and an upcoming $150-million fund to boost Waves’ growth in the United States served as tailwinds to Waves upside boom.
Related: 3 reasons why Waves price gained 100%+ in the last week
But signs of correction have emerged as Waves falls nearly 10% from its local top near $21 this Saturday.
Interestingly, the inflection point coincides with the 1.00 Fib line of the Fibonacci retracement graph made from the 21.60-swing high to 0.54-swing low, which served as key resistance during January 2018, April 2021 and November 2021 corrections — as shown in the chart below.
For instance, in April 2021 and November 2021, bulls attempted to flip $21.60 as support but failed. As a result, Waves has spent most of its time under the said 1.00 Fib level than above it, suggesting an unstable upside sentiment around it.
The Fibonacci fractal suggests that Waves would undergo a pullback move toward its next lines of support near $17, $13.50 and $11. Conversely, a decisive move above $21.60 could have bulls retest levels above $34.50.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
Building on Axie’s popularity, leading global gaming studio Ubisoft announced Ubisoft Quartz, a platform for collecting and trading gaming NFTs. The backlash from gamers in its community, however, was immense, and the project died a silent death. Gamers were repulsed by the blatant revenue grab of an NFT model, which added little to the overall game experience.