[ad_1] UNI price started a fresh increase above the $9.50 resistance. Uniswap is showing positive signs and might eye more upsides above the $10.00 resistance. UNI started a fresh increase above the $9.50 resistance zone. The price is trading above $9.60 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance near $10.15 on the hourly chart of the UNI/USD pair (data source from Kraken). The pair might aim for more upside if there is a clear move above the $10.20 resistance. UNI Price Holds Support After forming a base above the $8.75 level,…
Author: dfrancis36
[ad_1] Avail, a project spun out of Polygon earlier this year to handle data storage and verification for blockchains, launched its “data attestation bridge” on Friday, a new offering designed to reduce costs for layer 2 and layer 3 chains in the Ethereum ecosystem. Storing data on Ethereum can be expensive, so Avail aims to be a solution for layer 2s and 3s to publish data off-chain, to reduce the high transaction fees that often come from posting data on the main Ethereum blockchain. The idea is to spare the main Ethereum blockchain from getting congested with anything besides execution…
[ad_1] Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Builders of new payment frameworks on the continent will share their insights on shaping “cowrie shell” systems for the digital age. MODERATOR: Hwalani Mabaso , Country Director | Women in Tech South Africa Provincial General Manager | Absa SPEAKERS: Nthabiseng Sibanda, Regional Head: Payments, Africa…
[ad_1] Shiba Inu, the second largest meme coin, has been undergoing a sideways price movement in the past 30 days, with an emphasised decline in the past seven days. On-chain data indicates this decline might continue in the short term as selling pressure continues to increase. Some of the major holders of Shiba Inu have lately moved trillions of SHIB in acts that may be indicative of an impending selloff, with 4.92 trillion SHIB being transferred onto the cryptocurrency exchange Coinbase. On-chain Data Suggests Massive Sell Pressure For SHIB Most large market-cap cryptocurrencies have witnessed price declines in the past…
[ad_1] Ethereum price failed to clear the $3,650 resistance. ETH declined again after the Fed decision and now shows bearish signs below the $3,550 level. Ethereum started a fresh decline below the $3,580 support zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $3,610 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it stays below the $3,600 resistance zone. Ethereum Price Dips Again Ethereum price attempted a recovery wave above the $3,550 and $3,580 resistance levels. However,…
[ad_1] Ethereum’s Zero-Knowledge (ZK) Layer-2 scaling solution, zkSync, is facing backlash from the crypto community after its recent ZK token airdrop announcement. Community members have expressed concerns about the lack of anti-Sybil filtering and the “unfair” token distribution. ZkSync Faces Backlash On Tuesday, zkSync announced the upcoming airdrop of its ZK token and the distribution plan. According to the announcement, 17.5% of ZK’s 21 billion token supply will be airdropped to 695,000 eligible wallets on June 17. Additionally, 33.3% of the token’s supply would be distributed between the project’s team and investors. The allocation was meant to reward early users…
[ad_1] Cardano is one of the cryptocurrencies that continues to see bullish expectations from crypto analysts. One crypto analyst, in particular, who gets by @Av_Sebastian on X (formerly Twitter), believes that the Cardano price can rise as high as $2, crediting the upcoming Chang upgrade as the reason for this. Cardano Will Reach $2 Soon In a post on X (formerly Twitter), the crypto analyst revealed their expectation for the Cardano price, saying it could rally more than 300% from here. Sebastian explained that the reason for this is the upcoming Cardano hard fork that has sparked excitement in the…
[ad_1] Fidelity’s Director of Global Macro, Jurrien Timmer, recently commented on the debate over whether Bitcoin or gold is a more reliable store of value, outlining scenarios for when each of these asset classes is or is not able to hedge against inflation based on the economic environment. The Theory Of Money Supply And Asset Valuation Timmer’s reasoning is built on the concept of “fiscal dominance,” where the government moves to expand the money supply, threatening the purchasing power of the currency. He notes the inflation in the works, as confirmed by the historical M2 money supply/CPI relationship. A chart…
[ad_1] A closely followed crypto analyst believes that one top memecoin could print big gains later this year. Pseudonymous crypto trader Altcoin Sherpa tells his 217,100 followers on the social media platform X that he is long-term bullish on Dogecoin (DOGE). “DOGE: many memes looking choppy in the short term, but I still think these look pretty good on high timeframe charts. Expecting more chop for the next stretch though, wouldn’t rush to buy fresh positions here. Patience. I still think these do big numbers later this year.” Source: Altcoin Sherpa/X Looking at his chart, the analyst suggests that DOGE…
[ad_1] Glassnode has discussed in a new report the reasons behind Bitcoin moving sideways despite inflows into the spot exchange-traded funds (ETFs). Why Bitcoin Has Been Stagnant Despite Spot ETF Inflows In its latest weekly report, the analytics firm Glassnode has talked about how the impressive inflows into the US spot ETFs have failed to make the price break its sideways trend. The spot ETFs, which the US Securities and Exchange Commission (SEC) approved in January of this year, have provided investors with an alternate means of gaining exposure to the cryptocurrency. Related Reading These funds buy and hold Bitcoin…