⚡️ Coinbase has published a list of potential cryptocurrencies for listing in Q2 2022.
Читать полностью…67% of Cardano holders underwater.
Cardano’s ADA token has had a bearish week. Since Monday, the price has fallen 11.4%, resulting in more holders being in the red. More significantly, ADA is now 64.7% below its September 2 all-time high of $3.09.
9% of them are at a breakeven point.
The vast majority, or 76% of ADA holders, have held it for between one and 12 months. Just 11% of Cardano investors have held the token for more than a year, and those are the ones that are still in profit.
From a technical standpoint, ADA has turned bearish and could quite quickly revisit its 2022 and yearly low point of around $0.80.
The slide in prices could be tied to the network not living up to high expectations set around the launch of smart contracts. In terms of the numbers of DApps, Cardano is still somewhat of a wasteland, with DefiLlama reporting that there are just ten DeFi protocols running on the network with a combined total value locked of around $233 million.
Chances of ETH price reaching $4,000 in April are also boosted by a classic technical pattern.
Dubbed "symmetrical triangle," the pattern usually forms when the price consolidates sideways inside a range defined by a lowering upper trendline and a rising lower trendline, following a sharp move upside or downside.
In an ideal scenario, the triangle resolves after the price breaks in the direction of its previous trend, and is thus considered a "continuation pattern."
However, symmetrical triangle breakouts do not necessarily result in a continuation trend. For instance, in the book Technical Analysis of Stock Trends, technical analysts Robert Edwards and John Magee note that about 25% of all symmetrical triangle breakouts lead to reversals, i.e., the price does not break in the direction of its previous trend, thus defying anticipations.
Ethereum's current breakout appears to be a reversal as it bounces to the upside instead of continuing its previous trend to the downside, as shown in the chart below.
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Unlike March, April is a historically successful month for Bitcoin, leaving this year with much to live up to.
According to data from on-chain analytics resource Coinglass, BTC/USD has never lost more than 3.46% in April, with maximum gains at 50%.
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WAVES - the success of forecasts for the last 2 weeks based on 7 signals - 100%
Stablecoin management DeFi platform Neutrino emerges as the key factor behind WAVES' ongoing price rally. Neutrino allows the creation of decentralized stablecoins that maintain their U.S. dollar-peg by collateralizing WAVES tokens.
What's next? WAVES appears to have been breaking out of a bullish continuation pattern called a "bull flag." In detail, the chart pattern looks like a downward sloping channel that appears after a strong price move upward (called "flagpole"). In a perfect scenario, it resolves by breaking out toward the level at a length potentially equal to the flagpole's size. Applying the classic interpretation of the bull flag pattern to WAVES' ongoing price action suggests a continued price rally toward $100, as shown in the chart below. However, WAVES' weekly relative strength index (RSI) has turned overbought — a sell signal. That could have the WAVES/USD pair retrace towards $34 as its interim support level.
Dogecoin signals bottoming out as DOGE rebounds 30% in two weeks
DOGE‘s price could swell by more than 150% on a classic bullish reversal setup known as the falling wedge.
DOGE‘s rebound from the wedge‘s lower trendline two weeks ago opens up its possibilities to continue the move upside toward the upper trendline — near $0.18. As such, breaking above the upper trendline further exposes Dogecoin‘s price rise toward $0.37, up more than 150% from today‘s price.
DOGE prediction success on STIPS|Oculus 89% based on 9 predictions
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Digital asset manager Grayscale Investments has unveiled a new cryptocurrency fund dedicated to smart contract platforms excluding Ethereum, underscoring growing investor appetite for alternative blockchain networks.
The assets of seven smart contract platforms have been included in the fund: ADA, SOL, AVAX, DOT, MATIC, ALGO and XLM.
Ethereum’s dominance as the premier smart contract platform is being challenged by competitors that claim to offer superior transaction speeds, lower costs and higher throughput capacity. While Ethereum continues to dominate the decentralized application space, the DeFi industry is becoming a more level playing field. Currently, Ethereum accounts for just over 55.4% of the total value locked on DeFi protocols, down from over 96% in January 2021, according to DeFi Llama.
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Ethereum price can still retest $3K this month.
On March 15, Ethereum developer Tim Beiko announced that they have successfully tested the “Merge” on the Kiln testnet, raising speculations that the protocol would completely switch from proof-of-work to proof-of-stake in Q2/2022.
The Merge’s launch to have Ethereum’s daily emission rate slashed from 12,000 ETH per day to 1,280, noting that the network’s “yearly inflation will go down from 4.3% to 0.43%” — equivalent of three Bitcoin halvings.
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Indeed, the Cardano ecosystem continues to grow, with currently 517 projects being built on ADA as of March 11, including non-fungible tokens (NFTs) collections, DeFi lending, and new wallets, according to a LinkedIn post by Tim Harrison, the Marketing and Communications Director at Input Output Global, the creators of Cardano.
Notably, NFT collections account for the largest share of the projects building on Cardano with 34.7%. Finbold recently reported on March 6 that the number of NFTs minted on Cardano surpassed the 800,000 milestone.
Since the end of January 2022, Cardano has welcomed more than 1,000 smart contracts and over 3 million new ADA wallets.
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The private altcoin Monero (XMR) began to grow steadily last week.
This coin is gaining in price amid the negative trend that dominates the crypto market.
In the last 24 hours alone, the altcoin has risen in price by 26%.
100% success of XMR predictions on STIPS|Oculus in the last 2 weeks (based on 6 signals)
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Terra’s LUNA Passes Ether to Become Second-Largest Staked Asset.
Some 41% of all eligible tokens are staked.
Data from Staking Rewards show over $30 billion worth of LUNA is now staked directly on various protocols.
EOS plans Mandel 3.0 update on March 1st.
The upgrade will bring main hard fork features, and it will be part of the blockchain’s efforts to disentangle itself from developer Block one.
The first feature expands the size of deployable smart contracts, allowing larger, more powerful contracts to be deployed.” This functionality is adjustable in either direction, meaning it can be increased should there be the need, or reduced should attackers exploit it.
The second development, the contract pays, “eliminates the account creation costs” for users who simply want to use EOS as a currency. It also simplifies privacy token implementation without compromising user privacy in the resource system. Finally, the third development makes it easier for developers to make alterations to the EOS Mainnet.
Like most of the other cryptocurrencies, the EOS token is yet to recover from a multi-week market correction.
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Huobi, Kucoin Lead $250M Toncoin Ecosystem Fund
Along with Huobi Incubator and Kucoin Ventures, MEXC Pioneer Fund, 3Commas Capital, Orbs, TON Miners and Kilo Fund
Cameroon, the Democratic Republic of the Congo and the Republic of the Congo announced plans to adopt the TON blockchain amid the TONcoin Fund launch.
WAVES dropped from nearly $64 on March 31 to around $27.50 on April 7 — down by over 55%. As it fell, the WAVES/USD pair also broke below a key support confluence, hinting further correction.
Notably, the confluence comprises WAVES' 50-day exponential moving average (50-day EMA; the red wave) and the 61.8% Fib line of the Fibonacci retracement graph — drawn from $64-swing high to $8.34-swing low.
Now broken, they suggest that WAVES' path of least resistance is to the downside, with $25 acting as interim support due to its historical relevance as a price floor in October 2021 and March 2022.
Musk's Twitter investment also assisted Dogecoin in breaking out of a “falling wedge” pattern. DOGE‘s price could swell by more than 150% on a classic bullish reversal setup.
In detail, “falling wedges” are considered bullish reversal setups and appear when the price consolidates lower inside a range defined by two converging, descending trendlines while leaving behind a trail of lower highs and lower lows.
In a perfect scenario, falling wedges resolve after the price breaks decisively above their upper trendline. As it happens, traders typically eye a run-up toward the level that comes to be at length equal to the maximum distance between the wedge's upper and lower trendline.
As DOGE's price undergoes a similar pattern, its likelihood of continuing its uptrend has increased.
Post-Merge Ether Will Be a Commodity-Linked Bond, Could Rally to $10K, BitMEX Founder Says.
Ethereum's impending merge between the mainnet and the Beacon Chain proof-of-stake system to happen by end of June. Last month, developers successfully launched the testnet. Once the transition to proof-of-stake is complete, users will be able to set aside – or stake – coins in a cryptocurrency wallet to support network operations in return for newly minted coins. In other words, the staked ether becomes a revenue-generating asset, similar to a fixed-income security such as a government bond.
According to the Golden Ratio Multiplier (GRM) metric BTC/USD reclaimed an essential support zone for securing further upside.
GRM is a long-term observational metric for Bitcoin price action. It is used to determine whether Bitcoin price growth is overstretched relative to its overall maturity as an asset in terms of adoption.
It does so using a log scale, which comprises Bitcoin’s 350-day moving average (DMA) and Fibonacci sequences to give multiples of that trendline.
As such, BTC/USD dropping below the 350DMA is a now conspicuous sign of outlier price action, as the vast majority of days have been spent above it since mid-2019.
The Golden Ratio Multiplier is an effective tool because it is able to demonstrate when the market is likely overstretched within the context of Bitcoin’s adoption curve growth and market cycles.
Terra’s LUNA Set New Highs of Nearly $106.
LUNA is one of the two native tokens of the Terra network, a framework that allows developers to create custom blockchains and build their own decentralized applications on top of Terra for various use cases.
Sentiment for LUNA has grown in the past month largely due to the Luna Foundation Guard, nonprofit that is purchasing over $3 billion worth of bitcoin as an additional layer of security for UST, Terra's decentralized stablecoin.
Coinbase Expands Staking Offerings to Include Cardano.
You can begin earning rewards on your crypto. The current estimated annual return for Cardano staking on Coinbase is ~3.75% APY. Once your initial holding period completes (20–25 days), you’ll receive rewards in your account every 5–7 days.
Traders Bet on Ether Staking After Ethereum 2.0 Upgrade.
Ether staking yields are likely to be in the range of 10% to 15% following the Ethereum 2.0 upgrade.
With the merge test run completed successfully, researchers expect the mainnet launch to happen by the end of June. Observers foresee increased institutional adoption once the Eth 2.0 upgrade is complete.
Lastly, the merge is likely to make ether a deflationary, or store-of-value asset, a narrative primarily tied to bitcoin.
Ether's pace of supply expansion has already slowed. The Ethereum Improvement Proposal (EIP)-1559 implemented in August introduced a mechanism to burn a portion of fees paid to miners. Since then, more than 2 million ETH – worth over $5.78 billion – have been destroyed, leading to a net supply reduction of 65.2%
You can subscribe to ETH forecast on STIPS|Oculus: https://stipsoculus.com/
Avalanche price can double by summer as AVAX's 20% weekly rally rekindles 'bull flag'.
In a perfect scenario, bull flags resolve with a breakout move above their upper trendlines, followed by an extended uptrend, with the profit target at length equal to the size of the underlying asset's previous uptrend (also called flagpole).
That could have AVAX's price to undergo a similar upside move in the coming weeks, beginning with a close above its interim resistance of 20-week exponential moving average (20-week EMA; the green wave in the chart above) and later with a breakout above the flag's upper trendline.
As a result, AVAX may eye a run-up towards $157, up more than 100% from its current prices near $77.
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XRP has been consolidating inside a descending triangle pattern since topping out at its second-highest level to date — near $1.98 — in April 2021.
In doing so, the XRP/USD pair has left behind a sequence of lower highs on its upper trendline while finding a solid support level around $0.55, as shown in the chart below.
In the week ending March 13, XRP‘s price again tested the triangle‘s upper trendline as resistance, raising alarms that the coin could undergo another pullback move to the pattern‘s support trendline near $0.55, amounting to a drop between 25% and 30%. The downside outlook also takes cues from other bearish catalysts that have emerged around the triangle resistance.
For instance, XRP formed a bearish hammer on March 12, a single candlestick pattern with a small body and a long upside wick, suggesting lower buying pressure near the coin‘s week-to-date top of around $0.85.
⚡️ Over 10 million ether (ETH) is now locked on Ethereum’s Eth 2.0 staking contract ahead of a planned upgrade to a proof-of-stake blockchain, data from analytics tool Dune Analytics show.
The landmark figure was reached nearly 15 months after Eth 2.0 staking went live in November 2020 following a consensus vote.
Eth 2.0 is the Ethereum network’s multi-stage shift to a proof-of-stake consensus mechanism, which validates transactions using nodes run by “stakers.”
Binance Sets Up Its Own Fiat-to-Crypto Payments Provider.
Bifinity supports 50 cryptocurrencies and major payment methods including Visa and Mastercard.
Merchants will be able to use Bifinity's APIs to "get their business crypto-ready", enabling them to accept payments in crypto.
Bitcoin is currently at a crucial point of resistance following an impressive start to the month that saw it surge to the $45,000 level.
The world’s largest cryptocurrency is trading at $43,300, an important level of support in itself.
If it can rally up towards $45,000 before stock markets close on Friday evening, it would pave the way for a breakout and continuation to the upside over the coming weeks. Eventual targets remain at $53,000 and $56,000 – however Bitcoin would need to avoid placing itself in a bull trap scenario.
STIPS|Oculus platform has formed a forecast with a target price of $46,108.
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Weekly NFT Sales Continue to Slide, Google Trends Data Shows NFT Queries Down 45% in 30 Days.
Ethereum captured a great majority of last week’s NFT sales with $474.8 million, but that’s roughly 3.51% less than the week before. Out of the top 12 NFT blockchain platforms, Solana saw the only NFT sales increase out of the bunch, jumping 3.03% higher over the past week. The biggest losers this past week include Binance Smart Chain down 76.68%, and Avalanche down 54.56% in terms of weekly NFT sales.