Gold is at a crossroads as we head into the Fed this week. The bears are lurking below a critical technical structure with price below trendline resistance. Gold closed within last week's range on Friday, firmly back into the hands of the … [Continue reading]
Stablecoin arms race: Everything you need to know about blockchain central banks
Stablecoin GHO by Aave is yet to be released and it is the first overcollateralized stablecoin similar to MakerDAO’s DAI. Researchers at Jarvis Labs believe stablecoins with sizable liquidity, automated market makers and lending markets make up the … [Continue reading]
Ethereum dominance over Bitcoin draws to close, no more flippening?
Ethereum price dominance over Bitcoin and the rest of the crypto industry continued throughout the month of October. Analysts at crypto intelligence platform Santiment believe Ethereum’s dominance is coming to a close as ETH address activity … [Continue reading]
Ripple price: Will crypto lobbyist group’s support for Ripple push XRP price higher?
Ripple has received support from crypto lobbyist group Blockchain Association that asked the court for permission to support the giant in its legal battle. Amicus briefs were filed by interested parties and supporters of Ripple, The Internet Choice … [Continue reading]
NFT traders alert: Post Elon Musk takeover, Twitter quietly rolls out NFT trading feature
Elon Musk’s takeover of Twitter has ushered in a new era of crypto and NFT integration on the social media platform. Twitter announced the beta test of NFT tweet tiles alongside Musk’s $41.39 billion takeover. Select users are testing the … [Continue reading]
Cardano price: Key ADA dynamics to watch out as Ethereum-killer climbs higher
Cardano developers announced a new release for Hydra, ADA’s layer-2 scalability solution. Ethereum-killer Cardano recovered from its decline on October 26 and yielded 16% gains for ADA holders over the past week. Analysts believe Cardano … [Continue reading]
Dogecoin price: Why DOGE price nearly doubled in thirty days, what next?
Dogecoin whale profit-taking climbs, 400 million DOGE tokens moved to Binance, the largest cryptocurrency exchange by volume. Self-proclaimed Dogefather and Tesla’s billionaire CEO Elon Musk completed his takeover of Twitter, fueling the … [Continue reading]
Terra co-founder Do Kwon slapped with a $57 million lawsuit by 350 investors
Terra CEO is facing a lawsuit for the fraudulent misrepresentation of TerraUSD. The claimants seek to recover their investment losses and other unspecified "aggravated damages." Just a month ago, Interpol issued a red notice in the name of Do … [Continue reading]
EURUSD recovered ground towards the end of the NY session, despite hot US Core PCE
The US Dollar got bolstered by US core PCE but weakened towards the close of Wall Street. GDP in France and Spain weakened, while inflation in Germany continued its uptrend, above 10%. EURUSD is neutral-to-downward biased, though slightly tilted to … [Continue reading]
ApeCoin price aims for $6 as retail traders bet short
ApeCoin price rallied 25% in October. A bullish cross of the 8-day exponential and 21-day simple moving averages is underway. Invalidation of the uptrend potential is a breach below $3.97 thesis can occur if the bulls reconquer $6.35. ApeCoin … [Continue reading]