Category: NewsBTC

NewsBTC: Cardano TVL Plummets To 8 Month Low, No Vasil Hardfork Positive Effect

Cardano has suffered a significant drop in its total staked volume since its March 2022 peak. The proof-of-stake blockchain has lost over 76% of its total value locked in the past eight months. The decline is alarming, given the decentralized crypto project’s recent Vasil hardfork.  The Cardano community welcomed the Vasil upgrade with high expectations. The hardfork was meant to upgrade the blockchain’s performance and place it in a position to contend with other top DeFi projects. However, it seems that the update hasn’t been able to deliver much bullishness for ADA holders. Related Reading: Why “Rosy” Earnings Estimates Might...

NewsBTC: Polygon (MATIC) Leads Gains By Adding Over 14% In A Week

Polygon (MATIC), the Ethereum L2 project, has seen a massive increase in its price over the past seven days. The project has enjoyed much attention from the bulls, gaining over 14% in just one week. Polygon, currently ranking 11th based on market cap, has had a busy week. The PolygonDAO has been closing deals and partnerships to expand the project’s reach. This might be a major determinant of its more than 14% increase. Related Reading: Has Bitcoin Price Broken Out Of Downtrend Resistance? BTCUSD Analysis October 6, 2022 However, it’s uncertain if the token will breach its $0.85 resistance in...

NewsBTC: Wash Trading Dominates Bitcoin Volume, What Does This Mean For Price?

The daily bitcoin trading volumes come out into billions of dollars every day, with hundreds of thousands of daily transactions being carried out. It is one of the reasons why bitcoin draws the most investors, given such high trading volume and good depth across all exchanges. However, some on-chain analyzers have been diving into the blockchain to explore the daily BTC volume, and the findings of this study have been alarming. More Than 50% Fake Volume Mostly, in the present market, there is always some amount of volume for digital assets that are actually fake. These fake trading volumes are...

NewsBTC: Floki Inu Eyes Break Out At $0.00000800, But The Price Must Do This First

FLOKI price continues to struggle as price ranges in a downtrend channel with a major breakout imminent.  FLOKI trades below key resistance as price ranges under 8 and 20-day EMA. The price of FLOKI struggles to flip key resistance into support.  Floki Inu (FLOKI), one of the most popular memecoins in crypto, is expected to upset Shiba Inu, which won the hearts of many after a brief surge but may be set to repeat this move. All indicators and patterns indicate that the price of Floki Inu (FLOKI) is overdue for a rally to the $0.000015 region, and even higher...

NewsBTC: Has Bitcoin Price Broken Out Of Downtrend Resistance? BTCUSD Analysis October 6, 2022

In this episode of NewsBTC’s daily technical analysis videos, we examine a possible breakout of Bitcoin price on linear scale. We also compare the breakout on logarithmic scale to determine if the signal might be a reliable sign the bottom could be in. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): October 6, 2022 Related Reading: Bitcoin Bulls Snap Back With The Bollinger Bands | BTCUSD Analysis October 5, 2022 Is This The Bitcoin Breakout We’ve Been Waiting For? Bitcoin price has broken out of an important downtrend line on linear scale. The downtrend line connects the...

NewsBTC: Why “Rosy” Earnings Estimates Might Hurt Bitcoin As Price Struggles At $20,000

Bitcoin continues to lose momentum on low timeframes, as bulls were unable to follow through on yesterday’s upside impulse. The cryptocurrency was rejected around the mid-area of its current levels and might be bound for a fresh re-test of local support. Related Reading: All Signs Prove Shiba Inu Is Ready For A Run; Here Is Why? At the time of writing, Bitcoin price trades at $20,000 with a 1% loss and a 3% profit in the last 24 hours and 7 days, respectively. Despite its negative price performance, BTC remains relatively strong when compared with other cryptocurrencies in the top...

NewsBTC: Calm Before The Storm? Bitcoin Volatility At Historically Low Levels

Data shows the Bitcoin 7-day volatility has plunged down recently to pretty low values. Here’s what has historically happened following instances of such a trend. Bitcoin 7-Day Volatility Has Declined To Just 1.6% In The Past Week According to the latest weekly report from Arcane Research, the recent sideways trend in the BTC price has lead to the volatility dropping down to very low values. The “volatility” is an indicator that measures how the daily returns of Bitcoin have deviated from the average during a specific period. Here is a chart that shows the trend in the 7-day and 30-day...

NewsBTC: Dogecoin (DOGE) Defies The Bear, Outperforms Bitcoin And Ethereum, Lingering Trend?

Dogecoin (DOGE) is one of the best-performing assets of the past week, as Bitcoin and Ethereum trended to the downside in September. The meme coin seems to be positively reacting to the potential acquisition of Twitter by billionaire and tech giant Elon Musk. Related Reading: All Signs Prove Shiba Inu Is Ready For A Run; Here Is Why? A well-known Dogecoin defender, the cryptocurrency has shown high levels of correlation between Musk-related events and positive performance. As many experts have been arguing, the materialization of the Twitter acquisition might have long-term bullish implications for DOGE holders. At the time of...

NewsBTC: Can Crypto Go Green? Learn About IMPT Exciting Plans for the Planet

With the negative stigma surrounding the amount of energy cryptocurrency uses, it’s about time crypto projects step up and start to make a difference from inside the industry. One project that entirely focuses on helping crypto go green is IMPT – a blockchain-based carbon credit ecosystem. Putting Carbon Credits on the Blockchain IMPT’s mission is to positively impact the environment by connecting socially responsible brands with businesses and individuals seeking to reduce their carbon footprint. In addition, they intend to provide a straightforward method for users to buy, sell, and retire carbon credits online. Carbon credits are permits that represent...

NewsBTC: All Signs Prove Shiba Inu Is Ready For A Run; Here Is Why?

SHIB’s price continues to struggle as price ranges in a descending triangle with a major breakout imminent.  SHIB trades below key resistance as price ranges under 8 and 20-day EMA. The price of SHIB struggles to flip key resistance into support, with eyes set on retesting a high of $0.00002. Shiba Inu (SHIB), one of the most loved crypto memecoin winning the heart of many after a few months’ surge, could replicate this move. All indicators and patterns show that Shiba Inu’s price (SHIB) is long overdue for a rally to a region of $0.00002 and even high if bulls...

NewsBTC: Most Popular Ongoing Crypto Presales Set to Sellout Early

Cryptocurrencies continue to be popular among investors, and many projects are conducting presales at this very moment. As always, a good number of these crypto presales are set to sell out early, indicating strong conviction in the protocol and what the team is aiming to do. Here, we list the most popular ongoing crypto presales that look set to sell out early. There is a good variety of projects, with the use cases focusing on everything from the environment to your online Play-to-Earn games. Most Popular Ongoing Crypto Presales Set to Sellout Early 1. IMPT IMPT is the first presale...

NewsBTC: 5 Scheduled Crypto Listings for 2023 Aiming to Beat Industry Records

The cryptocurrency market is not expected to get any smaller in size. Adoption is growing, and investors are clamoring for the best assets in the market as we head into 2023. There are numerous tokens that have existed for a long time that continue to see a lot of capital flow in – but there are also many up-and-coming assets that are gaining a lot of attention. As 2022 comes to a close, a number of projects have announced launches in 2023 or late 2022. We describe some of the most exciting ones here, so you can prepare yourself for...

NewsBTC: Brace For Impact: This Expert Trader Says Cardano (ADA) Will See A 50% Decline

Cardano (ADA) has seen its price decline significantly over the last year after hitting a new all-time high above $3. The digital asset is down more than 86% from this all-time high value to be sitting just above $0.4 at the time of this writing in what looks like the digital asset has found its bottom. However, expert trader Peter Brandt says that the worse is not yet over for the digital asset, and more decline in price should be expected. ADA Will Decline by 50% In true chartist fashion, analyst Peter Brandt took to Twitter to post a chart...

NewsBTC: Ethereum Name Service (ENS) Breaks Out, Can Price Hit $20?

ENS price continues its bullish structure after a reclaim of the $15 region as the price stays on track to retest major resistance.   ENS trades above key support as price reclaim 8 and 20-day EMA. The price of ENS aims to continue its rally as the price shows bullish strength after breaking out of the descending triangle. Ethereum Name Service (ENS) has looked more decent in price action against tether (USDT) after breaking out of a descending triangle to set up a more bullish sentiment. The price of Ethereum Name Service looks set to breach the $20 mark. Ethereum Name...

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