Author: Saheel Khirodkar
Saheel Khirodkar
Saheel works as a content writer for Bitnewstoday. He has always been interested in journalism and enjoys writing. Furthermore, His interest lies in cryptocurrency, and is continuously seeking for new techniques to invest. In his free time, he enjoys staying up to date on the latest industry news and spending time with his family.
Litecoin Decentralized peer-to-peer cryptocurrency LTC’s MVRV Ratio has risen significantly in recent days. More than a TRILLION dollars has been moved on the #Litecoin network. A few market indicators, however, were bearish. Recently, Litecoin [LTC] has outperformed the majority of other cryptocurrencies, recording over 9% increases in just one day. This was a positive spike that raised the prospect of a subsequent rise in its price in the days to come. Interestingly, Litecoin was included as one of the top five bullish tendencies on the BTC pair in a tweet that was just published by the cryptocurrency monitoring platform DYOR.net.…
Cardano, a public blockchain platform, maintained its network expansion despite the market downturn. Cardano (ADA) has experienced a 78% drop in the last 12 months. Although Cardano’s sales decreased, the NFT and DeFi sectors saw growth. Cardano’s winter 108 projects were announced on the Cardano network during the course of the previous week, according to a tweet from IOHK on December 4th. Additionally, there has been an increase in the number of projects in development. https://twitter.com/InputOutputHK/status/1599405917707112448?s=20&t=ypXj5zJjfO7wgtxUOA1L1w The amount of Cardano’s development activities increased as a result of this continuous network construction. This indicated that over the previous seven days, the…
Bitcoin price spiked up and tested the $17,500 resistance. However, the price corrected and remains well-supported above the $16,800 support. Bitcoin Price Resistance Today, bitcoin prices showed resistance in the prices at 16,985.20 USD. Near $17,000 and the 100 hourly simple moving average, the price is currently trading. To start a new increase, Bitcoin needs to hold above the $16,800 support level. Bitcoin price settled above the $17,000 resistance zone and extended its increase. BTC was able to clear the $17,100 and $17,200 resistance levels. The price even spiked above $17,400 and traded close to the $17,500 resistance zone. However, the bears…
Ethereum price corrections may take place soon Ethereum has yet to break through the $1,300 resistance level against the US dollar. ETH is falling and may soon test the $1,220 support level. Ethereum made another attempt to break above $1,300 but failed. The price is currently trading below $1,280 as well as the 100 hourly simple moving average. ETH could fall even further, but the $1,220 support is critical. The Ethereum price made another attempt to break through the $1,300 resistance level. However, ETH has struggled to gain traction above $1,300. Similar to bitcoin, a high was formed near $1,304,…
Litecoin price rally is far from over The price of Litecoin against the US Dollar started to rise sharply above the $70 barrier. LTC is stabilizing at the moment and may look for more gains above $85. In relation to the US Dollar, Litecoin started to rise sharply over the $65 and $70 levels. On the 4-hour chart of the LTC/USD pair, a significant bullish trend line is forming, with support located close to $74.00. (Source: Kraken). The bull run of Litecoin The price of Litecoin began to steadily rise above the $60 mark versus the US dollar in recent…
Ethereum cryptocurrency On Monday evening, cryptocurrency prices were trading in the green. Bitcoin and Ethereum both increased in value, as did other altcoins. The market capitalization of ETH was $158.56 billion. Its trading volume increased by 11.18% to $5.78 billion. ETH whales preferred to keep their holdings rather than sell them. Now that Ethereum [ETH] has surpassed the $1,200 mark, it is only natural to speculate on how it will end 2022. Here are some recent observations that could set the tone for ETH’s performance in the near future. Last week, ETH delivered an overall bullish performance, capping off an…
Bitcoin Analysis by CryptoQuant indicated a potential market trigger for BTC. Market measures and indicators appeared positive. Daily and weekly increases in the price of bitcoin indicate that the market might be recovering from the decline of FTX. Over the past week, Bitcoin [BTC] saw increases, but its price remained below forecasts. BTC’s price had risen by almost 3% during the previous seven days as of the time of publication. Additionally, with a market capitalization of $327.2 billion, BTC was trading just above the $17,000 threshold at $17,019.18. Even so, a new bull movement can start shortly if the stars…
Bitcoin’s surge Bitcoin’s surge has been nothing short of remarkable, with its value rising from around $16,441.98 in November 2022 to over $17,301.40 in December 2022. On the hourly chart of the BTC/USD pair, there was a break over a significant bearish trend line with resistance close to $17,000. (data feed from Kraken). The $17,650 resistance level or possibly $18,000 appear to be targeted for the pair. The Bitcoin price increase restarts again After a downward correction, the price of bitcoin found support around the $16,800 region. BTC continued to be well bid and began a new uptrend over the…
Maker Token Maker (MKR) is a smart contract platform built on the Ethereum blockchain that aims to solve volatility issues for the crypto market. A new token was launched by MakerDAO to increase its collateral. Real-world assets and the approval of plans to boost yields led to an increase in revenue. On December 3, MakerDAO decided to boost the returns received by DAI holders in a new proposal. Additionally, MakerDAO expanded its collateral by adding fresh tokens. As a result, increased protocol activity may raise awareness of the DAO and have an impact on the MKR token. https://twitter.com/MakerDAO/status/1599040550384148485?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1599040555085975558%7Ctwgr%5E63306c90d1d6939efdd15d1e7c73e837a759c9fe%7Ctwcon%5Es2_&ref_url=https%3A%2F%2Fambcrypto.com%2Fwill-mkr-investors-make-it-through-the-last-days-of-2022-this-data-suggests%2F MakerDAO’s Tweet…
WAHED Invest is a digital banking platform that allows individuals to invest in Shariah-compliant investments. It provides a range of investment options, including stocks, bonds, commodities, mutual funds, and Islamic finance solutions. WAHED has donated 5 million of its WAHED Coin tokens to Fondazione Europea Alessandro Cenci (FEAC) at a private event in Rome. At a private event in Rome, investment and philanthropy platform WAHED gave 5 million of its utility token WAHED Coin to Fondazione Europea Alessandro Cenci (FEAC). An Italian non-profit organization, FEAC is dedicated to raising awareness, educating the public, and doing research to enhance the care…