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Tag: Token

  • 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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  • This little-known altcoin has jumped by 50% in a week. Arweave token (AR/USD)

    This little-known altcoin has jumped by 50% in a week. Arweave token (AR/USD)

    Arweave (AR) cryptocurrency logo against a global background

    As digital assets continue to endure a crypto winter, Arweave is crafting a name for itself. The cryptocurrency nearly doubled in value in November. The monthly lows remain at $10, with the highest at $17.8 on November 3. Arweave’s token has fallen back to $10.8, and investors could be looking at it as a potential buy on the dip. Should you? 

    Arweave is a Decentralised Storage Network or DSN. It allows people needing extra computer storage solutions to connect with those with extra capacity. Arweave is unique in that it permits permanent storage for a single payment. That makes Arweave different from other blockchain-related storage solutions like Filecoin, which involve multiple payments.

    Arweave token (AR/USD) has been of interest to investors this month after impressive cryptocurrency news. Meta had announced that it would use Arweave to store its non-fungible tokens on its social media platform. That emphasises that big corporations see the opportunity offered by the blockchain platform. The question now is, can the token sustain the bullish momentum it started this month?

    AR on a retracement after the latest gains

    Source – TradingView

    Technically, AR met resistance at the $17.8 level. The zone is a long-term resistance that the cryptocurrency has retested severally in the past. The level is the swing high on the Fibonacci retracement, while the swing low is $8.4.

    From the daily chart above, the Fibonacci retracement levels are $10.681 (23.6%), $12.052(38.2%), $13.16(50%), and $14.27(61.8%). The token is testing the 23.6% Fib level. The MACD indicator is bullish, but momentum is waning. 

    Should you buy AR?

    While the latest price action is positive for AR, we remain cautious about sustainability. The $17.8 level remains a stumbling block for further upside. Coinciding with a weak crypto sector outlook, a sustained price recovery may be hard to register for AR.

    Should a bullish momentum remain for AR, we expect a retest of the $17.8 resistance. On the flip side, AR could next test the $10 support. Also, watch the Fib levels for potential price corrections.

    Where to buy AR

    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 AR with Binance today

    KuCoin

    Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies.

    Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods.

    Users can benefit from a beginner-friendly interface and relatively low fees.


    Buy AR with KuCoin today

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  • Should you buy Optimism (OP) as token tests support

    Should you buy Optimism (OP) as token tests support

    Optimism (OP) remains in a bullish market. The token tested a monthly-high resistance of $1.37, although it is not cooling down. Its trading volumes are, however, up 54% at $355 million in the past day. The blockchain has been recording significant trading activities. 

    Data from DefiLlama shows a significant gain in Optimism’s TVL over the last three months, peaking at $1.15 billion in August. The growth could be attributed to developers looking for scalability in Ethereum. 

    Optimism is a layer-2 blockchain on Ethereum aimed at the scalability of decentralised applications. The platform launched its testnet in September 2020. Its native OP token allows end users to access dApps on Ethereum cheaply. OP is also useful in governance by granting holders voting rights in the Optimism Collective.

    The current price dynamics of OP token is not tied to anything specific in the industry. However, the fundamentals around scalability have growth potential. Specifically, Optimism rollups, which wrap up transactions into one, could popularise the layer-2 platform.

    OP retraces to $1 support amid a bullish momentum

    Source: TradingView

    The daily technical chart above shows that OP is retesting the support at or around $1. The token looks to have slightly lost the $1 level, although we need further confirmation. A close of the daily candlestick will confirm if a bearish breakout has occurred. To the upside, the immediate resistance is at $1.4, while $1.9 is the longer-term resistance level.

    MACD looks bullish, while the RSI has remained below the overbought zone, meaning it could go higher. 

    Concluding thoughts

    Based on the fundamental aspects, OP could bring value to its users in the long term. From the technical chart, the token is retesting support with a bullish momentum. Although the token is on a retracement, a bounce off from the support level could occur.

    A confirmation of a bullish price action signal would welcome an upside momentum for Optimism. At the current price, it would be prudent to exercise patience until proper buy signals pop up at the immediate support level.

    Where to buy OP

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  • The Graph token (GRT/USD) price prediction after a 12% jump

    The Graph token (GRT/USD) price prediction after a 12% jump

    The Graph token (GRT/USD) rose by a dozen percentage points on Thursday. The token was among the few gainers on the day after a market drop following the Fed’s rate hike. CoinMarketCap showed a surge in trading volumes, coinciding with the price surge. The gains elicit the question, how sustainable is GRT? 

    The Graph claims to be an indexing protocol. Users can use the platform to query other networks, including Ethereum and IPFS. The protocol allows anyone to create and publish subgraphs, or open APIs, further broadening data decentralisation.

    Alongside the investor interest on Thursday, The Graph was projected to benefit immensely from the Ethereum Merge. However, since the Merge, GRT price has been a beaten-down cryptocurrency. That’s because of the querying function that The Graph provides to Ethereum. Consequently, The Graph has been recognised as key to Ethereum’s scaling plans. 

    The gains in The Graph underline positive expectations the protocol will play in the post-Merge period. Going by the fundamentals, investors could see the Graph as a favourable investment in the PoS ETH era. 

    GRT meets resistance after the intra-day gains

    Source – TradingView

    Technically, The Graph token has met resistance at $0.092. The token is undergoing a correction at the resistance zone. Although it broke past the resistance, a close of the daily candlestick below could invalidate a bullish view. However, the RSI remains above the midpoint, implying buyers are still active on the token.

    What next for GRT?

    The cryptocurrency has to clear the resistance level to consider a buy attractive. We need to wait for the close of the daily candlestick to assess the next price direction. A bullish breakout will allow buyers to target $0.10 and $0.12 next.

    Where to buy GRT

    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 GRT 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 GRT with Bitstamp today

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  • Rocketize Token, Dogecoin, And Shiba Inu Are Meme Coins With Huge Potential.

    Rocketize Token, Dogecoin, And Shiba Inu Are Meme Coins With Huge Potential.

    Meme coins have taken the crypto market by storm since they have been released, Rocketize token, Shiba Inu, and Dogecoin have huge profit potential.

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  • Can Rocketize Become A Rewarding Community-Driven Token Like Shiba Inu And TRON?

    Can Rocketize Become A Rewarding Community-Driven Token Like Shiba Inu And TRON?

    The Rocketize (JATO) community, called the Atomic Nation, will be vital to this budding meme coin’s economy. Atomic Nation members who publish memes, animation, videos, podcasts, and other creative, educational content for organic engagement and marketing will be adequately compensated for their creations.

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  • Dogeliens, Shiba Inu, and FTX Token are 3 Potentially Profitable Cryptocurrencies for Long-Term Holdings

    Dogeliens, Shiba Inu, and FTX Token are 3 Potentially Profitable Cryptocurrencies for Long-Term Holdings

    As the crypto market is going through a rough patch, Dogeliens, Shiba Inu and FTX tokens might help the investors gain profits they are looking for.

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  • Shiba Inu And Rocketize Token Might Rule The Meme Coin Market In The Coming Days

    Shiba Inu And Rocketize Token Might Rule The Meme Coin Market In The Coming Days

    The crypto market is oversaturated with coins. The ease of entry provides investors with a plethora of options available, and crypto traders and investors have a wide array of options to choose from. To capture their attention, many developers have resorted to tokens and meme coins to capture the interest of crypto holders and users. The meme coin sector of the crypto market might have peaked in 2021, but it is still vital today. The meme coin craze started as a joke back in 2013.

    When Dogecoin (DOGE) was released, it was a response to a running gag on the internet at the time. The joke resonated with so many people that meme coins became a thing overnight. Soon, Dogecoin (DOGE) became more than an internet sensation; it became a viable source of income for crypto users. And with that, meme coins were created. Soon, many other developers began releasing their meme coin variations. There are now over 300 meme tokens in the crypto market, with many more gearing up for release. Of these many coins, two meme coins to look out for are Shiba Inu (SHIB) and Rocketize Token (JATO).

    Shiba Inu (SHIB) The Unique Coin

    Just like the meme coin king, Shiba Inu (SHIB) also started as a joke. However, Shiba Inu (SHIB) also gradually matured into a unique coin with a massive market cap. Today, Shiba Inu (SHIB) is a fascinating coin with several real-world applications. The coin has a one-of-a-kind payment system that supports online transactions without intermediaries, making the process cheap and stress-free. Shiba Inu’s (SHIB) decentralized protocol is founded on the Ethereum (ETH) blockchain. Because of this, Shiba Inu is interoperable with other tokens. The Shiba Inu (SHIB) tokens are utilized in the Shiba Inu ecosystem for yield farming, staking, trading, and even rewards. Shiba Inu (SHIB) rose to prominence by strategically positioning itself as the “Dogecoin Killer.” While many might argue about the tastefulness of the nickname, it certainly did its job by attracting attention. Now, the coin has a thriving community of over a million people. Shiba Inu (SHIB) might have a lot of successes under its belt, but the coin has no intention of stopping. With numerous other exciting projects under its belt, Shiba Inu (SHIB) plans to reign in the crypto market for a very long time.

    Rocketize Token (JATO) The Latest Meme Coin

    One of the latest meme coins that are set to make its mark is Rocketize Token (JATO). The meme token is based on the Decentralized Finance (DeFi) ecosystem. Rocketize Token (JATO) is planning on redefining the communal and financial objectives of human civilization by integrating the non-traditional economic structures of DeFi. Rocketize Token (JATO) is based on the Binance Smart Chain and its token, JATO, acts as a deflationary currency.

    Rocketize Token (JATO) plans to be a successful meme token, and its ambitious map is proof. One of its primary tools is collaboration. Rocketize Token (JATO) intends to make use of decentralized tools and governance to provide inclusiveness and transparency. With a budding community called the Atomic Nation, Rocketize Token (JATO) offers its token holders complete control over funds and choices. By making use of the power of its ever-expanding community, Rocketize Token (JATO) plans to build a broad and varied talent pool.

    One of the finest features of the crypto asset is RockMint. RockMint is designed to generate and store NFT collectables with Web 3.0 dApp wallets. The crypto asset will promote the development of dApps for mobile devices and Web 3.0 innovation for game creation. Rocketize Token (JATO) might also create a bridge to connect multiple blockchain networks and enhance the DeFi utility and popularity on the platform. With the unique features on the platform, there is no doubt that Rocketize Token (JATO) will become a leading coin in the crypto market in days to come.

    Presale: http://rocket.rocketize.io/

    Website: http://rocketize.io/

    Telegram: https://t.me/RocketizeTokenOfficial

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  • Here’s Why You Should Invest In Shiba Inu, Chiliz, And Supontis Token

    Here’s Why You Should Invest In Shiba Inu, Chiliz, And Supontis Token

    Many cryptocurrency market investors are constantly looking for the most promising crypto tokens to invest in and add to their portfolios.

     

    The kinds of tokens that investors have in their portfolios will be the primary factor in determining the degree to which they are successful.

     

    In this article, we’ll discuss the merits of investing in three different cryptocurrencies: Shiba Inu (SHIB), Chiliz (CHZ), and Supontis Token (PON).

     

    Shiba Inu Is Here To Become The Top Meme Coin

     

    The commercial success of Dogecoin prompted the introduction of Shiba Inu. As the crypto community was still marveling at the success of the dog-themed cryptocurrency, an unidentified team of programmers decided to create the Shiba Inu project.

     

    The creators of Shiba Inu claim that they intended it to be a “Dogecoin killer.” This means it was released to the public as a substitute for Dogecoin.

     

    The team working on the development of Shiba Inu has made it a priority to guarantee that they address every shortcoming of this Dogecoin and incorporate those criticisms into efforts to enhance the products and services they provide.

     

    Shiba Inu is poised for success after overtaking Dogecoin as the most popular meme coin. This cryptocurrency coin’s development was based on extensive participation from the crypto community.

     

    There is a fixed number of Shiba Inu available. The total number of SHIB tokens in circulation is one quadrillion.

     

    Chiliz Allows Investors To Interact With Their Favourite Sports Team

     

    Chiliz is a cryptocurrency token designed to improve communication between professional sports teams and their most loyal supporters.

     

    Thousands of millions of sports fans now have a token to display their devotion to their teams of choice, thanks to the creation of this cryptocurrency in 2018. The primary utility token of the social network is called Chiliz. With this token, club members can participate in polls and surveys.

     

    Through the platform’s specialized exchange, cryptocurrency holders can quickly convert their tokens into CHZ. The most amazing aspect of it is that it allows fans to become important contributors and stakeholders in the clubs they root for.

     

    In contrast to competing cryptocurrencies, this one uses a proof-of-authority system to validate trades. It is compatible with both Ethereum and Binance Chain and operates on both. This network’s native token is CHZ. It is the sole medium of exchange on the platform, and its use will be essential for the majority of users’ activities.

     

    Supontis Token Increases Transaction Efficiency

     

    The primary focus of Supontis is facilitating the transfer of assets between networks. Using smart contracts, this novel blockchain-based bridge will link various networks and allow for a seamless transition to an entirely new infrastructure.

     

    Using a two-step procedure, Supontis will ensure that all transactions are processed as promptly as possible. This procedure will ensure that the same number of tokens, in terms of value, are made available on both the source and the target blockchains.

     

    This networking protocol uses PON as its in-built token. Participate in the PON token presale if you want to get your hands on some of these tokens at a discount. When customers deposit to make a purchase using LTC and XRP, they will receive a bonus of 12%.

     

    Find out more about the Supontis Token (PON) below:
    Presale: https://register.supontis.com
    Website: https://supontis.com/
    Telegram: https://t.me/SupontisTokenOfficial

    Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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  • Shibu Inu, WORLD CUP INU Are Trending But Market Experts Suggest That Snowfall Protocol Is The Token To Take Seriously – Here Is Why!

    Shibu Inu, WORLD CUP INU Are Trending But Market Experts Suggest That Snowfall Protocol Is The Token To Take Seriously – Here Is Why!

    What Is Shiba Inu (SHIB) and
    WORLD CUP INU (WCI)

    This
    article will start off by examining both Shiba Ina (SHIB) and WORLD CUP INU
    (WCI) as these two projects both feature a cute dog mascot.

    To
    start, Shiba Inu (SHIB) is a meme-based cryptocurrency that was created as a
    fork of Ethereum. Shiba Inu (SHIB) is meant to be a “joke” currency, but that
    has not stopped it from becoming one of the most popular cryptocurrencies on
    the market.

    Shiba
    Inu (SHIB) has a total supply of 1 quadrillion tokens, which is considerably
    higher than Bitcoin’s 21 million. This large supply means that Shiba Inu (SHIB)
    is relatively inflationary, although the Shiba Inu (SHIB) team has stated that
    they will burn tokens periodically to help offset this.

    The
    Shiba Inu (SHIB) project is also notable for its unique marketing strategy,
    which relies heavily on memes. For example, the Shiba Inu (SHIB) website
    features a picture of the Shiba Inu dog from the Doge meme.

    When
    it comes to WORLD CUP INU (WCI), the best way to explain what this project does
    is that it’s the first token that supports the world cup. WORLD CUP INU (WCI) is
    essentially a Web3 sports betting portal. By enabling fun and easy ways to bet
    on the games, WORLD CUP INU (WCI) wants to bring more people into the world of
    cryptocurrency.

    WORLD
    CUP INU (WCI) holders can bet against each other as well as participate in a
    lottery. Soccer/football is one of the most popular sports in the world, so
    WORLD CUP INU (WCI) is looking to tap into a large and passionate market.

    Snowfall Protocol (SNW) Is The Token To Take Seriously – Here Is Why

    Now
    that we have covered the basics of the two other trending coins, it’s time to
    look at why     Snowfall Protocol (SNW) is the token to take
    seriously.

    One
    of the key things to understand about Snowfall Protocol (SNW) is that it is the
    first cross-chain transfer ecosystem
    built for fungible and non-fungible tokens. This means that Snowfall Protocol
    (SNW) enables users to swap assets across the most widely used blockchains.

    In
    other words, Snowfall Protocol (SNW) is making it possible for people to
    interact with any blockchain. This is like a child being able to play with any
    toy they want – it opens up a world of possibilities. This will lead to better
    development and growth of the blockchain industry as a whole.

    Another
    thing to note about Snowfall Protocol (SNW) is that it is still in its early
    stages as it’s in presale but it has already increased in value by over 80%. The top experts predict that
    another 5000% increase is incoming
    shortly.

    Top
    market analysts predict that     Snowfall Protocol (SNW) can be the next 1000x token. The price of snowfall is now $0.009 which means it’s a great buying opportunity. You can click
    on the links below to buy some (SNW) right now.

    For more information
    about     Snowfall
    Protocol    Pre-sale

    Website: https://snowfallprotocol.io

    Telegram: https://t.me/snowfallcoin

    Presale: https://presale.snowfallprotocol.io

    Twitter: https://twitter.com/snowfall coin



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