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  • Magic (MAGIC/USD) token soars on positive news

    Magic (MAGIC/USD) token soars on positive news

    • The magic token has doubled in price in the past week

    • The cryptocurrency has been boosted by potential listing by Coinbase

    • MAGIC is under correction as the cryptocurrency approaches the $0.7 resistance

    Ever heard of the Magic (MAGIC/USD) token? With a market cap of $103.31 million, the cryptocurrency is among the lowly ranked at #230. However, buyers are camping for this minor token on positive cryptocurrency news. As of press time, the cryptocurrency was up 10%, but it has more than doubled in price since the start of the month.

    The gains in MAGIC happened after US crypto exchange Coinbase said that the cryptocurrency was on its listing roadmap. Other tokens on the Coinbase listing target are Rocket Pool (RPL) and Aragon (ANT). But what is MAGIC?

    MAGIC is the native token of Treasure DAO, a project seeking to become a decentralised video game console. The DAO targets games and non-fungible tokens. Among the DAO’s infrastructure is an NFT marketplace Trover and gaming platform Bridgeworld.

    MAGIC corrects slightly below the resistance of $0.7

    MAGIC/USD Chart by TradingView

    A technical outlook shows MAGIC facing resistance as the cryptocurrency approached a key resistance at $0.7. The momentum is still bullish, although MAGIC is overbought, with an RSI reading of $75.

    The 20-day moving average is shifting above the 50-day MA, in line with the bullish momentum. Both moving averages offer MAGIC support.

    These key levels will be important to bulls

    $0.51 – This is the immediate support level for the cryptocurrency. The level has been tested and holds ground even as MAGIC corrects. If bulls defend this level, it will allow them to push higher and initiate a breakout at $0.70. The level is needed to hold for MAGIC to have a chance for further gains.

    $0.30 – This is the established support for the cryptocurrency. Although lying deep below, it could be hit if $0.51 fails to hold. That could push MAGIC back into consolidation and potentially wipe out the gains already made.

    Where to buy MAGIC

    As MAGIC is such a new asset, it’s yet to be listed on major exchanges. You can still purchase MAGIC using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy MAGIC right now, follow these steps:

    1. Buy ETH on a regulated exchange or broker, like eToro ›

    We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

    2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

    You’ll need to create your wallet, grab your address, and send your coins there.

    3. Connect your wallet to the 1Inch DEX

    Head to 1Inch, and ‘connect’ your wallet to it.

    4. You can now swap your ETH for MAGIC

    Now that you’re connected, you’ll be able to swap for 100s of coins including MAGIC.

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  • Shiba inu coin news today:Shiba Inu is the Most Bullish Sentiment ERC20 Token

    Shiba inu coin news today:Shiba Inu is the Most Bullish Sentiment ERC20 Token

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  • How bullish is Ravencoin (RVN/USD) after the Binance news?

    How bullish is Ravencoin (RVN/USD) after the Binance news?

    • RavenCoin recovered slightly after Binance Pool support

    • The cryptocurrency trades in a descending trendline

    • RVN could fall further, although technical indicators have slightly improved

    Ravencoin (RVN/USD) traded at $0.022 at press time after a slight correction. The cryptocurrency had developed some bullish signs previously, jumping from a low of $0.020 to $0.025. The gains came on the back of positive cryptocurrency news.

    According to a November 23 announcement, Binance Pool is supporting RavenCoin. The RavenCoin mining service will use the PPS+ settlement, with the mining pool fees set at 1%. The support comes after September’s Ethereum merge fueled demand for the token. RavenCoin uses the proof-of-work consensus mechanism. Ethereum’s shift to the Proof-of-State consensus mechanism, therefore, fueled the demand for PoW tokens like RVN.

    RavenCoin is itself a fork of Bitcoin, a PoW blockchain. The blockchain is a peer-to-peer network that lets users create tokens for any assets. The latest support by Binance Pool raises optimism that RVN could overcome a prolonged drop. But how bullish is the cryptocurrency?

    RVN on a descending channel as gains fail to inspire a rally

    RVN/USD Chart by TradingView

    Despite the recent gains, RVN is yet to overcome a steep descent that has been in place since September. The cryptocurrency trades on a descending trendline. It tested the upper bound of the trendline and is facing some resistance.

    The MACD and RSI indicators are, however, positive on RVN. The MACD line crossed above the signal line to suggest a bullish reversal. However, the indicator is still bearish. Similarly, the RSI recovered slightly, but the reading remains below the midpoint.

    Should you buy RVN?

    RavenCoin’s momentum could last for a while. If buying RVN, you should be aware that further downsides are possible based on the price action.

    Where to buy RVN

    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 RVN with Binance today

    Coingate

    CoinGate is a Lithuanian-based fintech company founded in 2014. The payment gateway offers cryptocurrency payment processing services for businesses of any sizes. Permission-based account management, fiat payouts to the bank account and brand new email billing feature are just a few reasons why CoinGate has become a go-to payment processor for many.


    Buy RVN with Coingate today

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  • Dogecoin (DOGE) and Shiba Inu (SHIB) Go Parabolic on News of Elon Musk’s Twitter Purchase. Floki (FLOKI) Is Another Crypto to Pay Attention To

    Dogecoin (DOGE) and Shiba Inu (SHIB) Go Parabolic on News of Elon Musk’s Twitter Purchase. Floki (FLOKI) Is Another Crypto to Pay Attention To

    Twitter stock (TWTR) rallied a little after Bloomberg report of Elon Musk closing his Twitter deal. The biggest beneficiaries of that news, however, have been Dogecoin (DOGE) and Shiba Inu (SHIB).

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  • BREAKING NEWS: Shiba Inu, Ethereum and Snowfall Protocol Are Trending Coins That You Should Know About!

    BREAKING NEWS: Shiba Inu, Ethereum and Snowfall Protocol Are Trending Coins That You Should Know About!

    In this blog post, we will discuss Shiba Inu (SHIB), Ethereum (ETH) and Snowfall Protocol (SNW) – three coins that you should definitely know about!

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  • BREAKING NEWS: Shiba Inu, Ethereum and Snowfall Protocol Are Trending Coins That You Should Know About!

    BREAKING NEWS: Shiba Inu, Ethereum and Snowfall Protocol Are Trending Coins That You Should Know About!

    Do you want to know which coins are trending right now?

    In this blog post, we will discuss Shiba Inu (SHIB), Ethereum (ETH), and Snowfall Protocol (SNW) – three coins that you should definitely know about!

    Each of these coins has seen a significant increase in value in recent weeks, so now is the time to get involved. We will go over what each coin is used for, as well as their unique features and benefits. So, without further ado, let’s get started!

    Crypto #1 – Shiba Inu (SHIB)

    Shiba Inu (SHIB) is a cryptocurrency that was created as a parody of Dogecoin. It is based on the Shiba Inu dog breed, which is popular in Japan. The Shibu Inu (SHIB) coin was created to satirize the growing popularity of cryptocurrencies.

    Despite its initial purpose, Shiba Inu (SHIB) has seen a lot of success since its launch. The coin has gained a loyal following and has even been listed on major exchanges. What sets Shiba Inu (SHIB) apart from other cryptocurrencies is its unique marketing approach. The team behind the coin uses memes and humor to promote it, which has helped it gain a lot of attention.

    If you’re looking for a fun and unique cryptocurrency to invest in, Shiba Inu (SHIB) is a great option. As a meme coin, it will likely continue to gain popularity in the months and years ahead. This is because Shiba Inu (SHIB) is a lighthearted project that people can invest in without taking themselves too seriously.

    Crypto #2 – Ethereum (ETH)

    Ethereum (ETH) is a decentralized platform that runs smart contracts. These contracts are applications that run exactly as programmed without any possibility of fraud or third-party interference. Ethereum (ETH) was first proposed in 2013 by Vitalik Buterin, and it has since become one of the most popular cryptocurrencies in the world.

    What makes Ethereum (ETH) so special is its blockchain technology. This allows developers to build decentralized applications on top of the Ethereum (ETH) network. These applications can be used for a wide range of purposes, from payments and lending to data storage and identity management.

    Ethereum (ETH) is an incredibly versatile platform with a lot of potential. It is already being used by some of the largest companies in the world, and its use is only expected to grow in the years ahead. Overall, Ethereum (ETH) is a great investment option.

    Crypto #3 – Snowfall Protocol (SNW)

    Snowfall Protocol (SNW) is a cross-chain transfer ecosystem built for fungible and non-fungible tokens. It enables users to swap assets across the most widely used EVM and non-EVM compatible chains. Snowfall Protocol (SNW) has the potential to revolutionize the cryptocurrency industry.

    This technology can be likened to the creation of the first highways. It will allow for the free flow of information and value between different blockchain networks. This will make it easier for people to use multiple cryptocurrencies and will help to increase adoption.

    If you’re looking for a project that has the potential to change the cryptocurrency industry, Snowfall Protocol (SNW) should be at the top of your list. It’s currently trading for $0.009 which means it’s undervalued. It’s likely going to skyrocket in value as top market experts suggest that it’s a 1000x token.

    There’s still a 5000% increase potential as it gains momentum leading to the launch date. It’s already up more than 30% since the presale started.

    Website: https://snowfallprotocol.io

    Telegram: https://t.me/snowfallcoin

    Presale: https://presale.snowfallprotocol.io

    Twitter: https://twitter.com/snowfallcoin

    Disclaimer

    Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

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