Investoren betrachten Kryptowährungen bei der Diversifizierung ihrer Portfolios zunehmend als nützlich, wie aus einem Bericht von The Economist zum Vertrauen der Verbraucher in digitale Währungen hervorgeht.
Krypto-Community werht sich gegen offenen Brief der Krypto-Kritiker an die Politik
Mehrere Köpfe der Kryptobranche wehren sich gegen einen offenen Brief an die US-Politik, wobei die Krypto-Kritiker als „Trolle“ und „Wichtigtuer“ abgetan werden.
Bitcoin (BTC) klettert zurück auf 30.000 US-Dollar, Bodenbildung abgeschlossen?
Während der Bitcoin-Kurs zunächst in der geltenden Preisspanne verbleibt, vermutet der ehemalgie BitMEX-CEO Arthur Hayes, dass die Bodenbildung womöglich schon im Mai abgeschlossen wurde.
Here is why Solana is down by 10% today
The cryptocurrency market has performed poorly for the second consecutive day this week.
The cryptocurrency market has underperformed over the past 24 hours. The market has lost nearly 5% of its value during that period, with the total market cap now below $1.3 trillion.
Bitcoin maintains its price above $30k despite losing 4.5% of its value in the last 24 hours. Ether is trading below $1,900 once again, down by 7% over the past few hours.
SOL, the native token of the Solana ecosystem, is the worst performer amongst the top 10 cryptocurrencies by market cap today. SOL is down by 10% over the last 24 hours.
SOL has been underperforming since the Solana network was halted yesterday. Solana’s validators were not able to process new blocks for the last five hours, causing a total shutdown of all Solana applications.
Block production on Solana Mainnet Beta has halted. Validator operators should prepare for a restart in mb-validators on Discord. https://t.co/gRJJRqEMPn
— Solana Status (@SolanaStatus) June 1, 2022
The downtime was caused by a bug that affected how the Solana blockchain processes a niche type of transaction that’s designed for offline use cases. The Solana network has recorded a few outages over the past year.
Key levels to watch
The SOL/USD 4-hour chart is bearish as Solana has been underperforming over the past few days. The technical indicators show that Solana is currently in bearish momentum.
The MACD line is below the neutral zone, indicating negative performance. The 14-day RSI of 38 shows that Solana is currently oversold.
At press time, SOL is trading at $40.9 per coin. If the bearish sentiment thickens, SOL could drop below the first major resistance level at $37 before the end of the day.
An extended negative performance could see Solana trade below the $35 mark for the first time this year.
The post Here is why Solana is down by 10% today appeared first on CoinJournal.
GMT price prediction for June 2022. Will Stepn recover?
The GMT price has been in a spectacular downfall in the past few weeks as demand for the coin has evaporated. Stepn’s native token has seen its price fall by more than 76% from its highest level in May, bringing its total market cap to about $621 million. At its peak, it was valued at more than $1 billion.
Why has GMT crashed?
Move-to-earn is a relatively new industry that is changing the NFT, gaming, and exercise industries around the world. Its concept was made popular by SweatCoin, a platform that has more than 30 million users from around the world.
The concept behind Stepn is relatively easy to understand. First, the developers have created mobile applications that anyone can install in their smartphones. The developers will use the phone’s GPS tool to validate that a person has walked or run.
Second, the developers have come up with an innovative way to make people buy sneakers in the form of NFTs. Therefore, people are able to earn virtual currency that they can convert into cash within a few minutes.
Learn more about how to invest in crypto.
Stepn’s ecosystem has been in strong growth in the past few months. It has over 560k users from around the world. The platform makes money by taking a commission when people mint NFT tokens in its ecosystem. Also, it takes a cut when NFT trading happens.
Stepn has two cryptocurrencies. Green Metaverse Token (GMT) is the governance coin while Green Satoshi Token (GST) is the utility token. GMT has an unlimited supply while GST has a supply cap of 6 billion tokens.
The GMT price crashed hard in May after the developers decided to deactivate the GPS from China, the most populous country globally. They blamed restrictive regulations for the situation. This explains why the coin has struggled to recover since then.
GMT price prediction
The four-hour chart shows that the GMT price has been in a strong bearish trend in the past few weeks. It has formed a descending channel that is shown in black. Also, it is consolidating along the 25-day and 50-day moving averages while the MACD indicator is below the neutral level.
The coin will therefore continue falling as bears target the next key support level at $0.73, which is the lower side of the descending channel. On the other hand, a move above the upper side of the channel at $1.3725 will signal that buyers have prevailed.
The post GMT price prediction for June 2022. Will Stepn recover? appeared first on CoinJournal.