Das erfolgreiche Blockchain-Game konnte im August 2021 noch einen Rekordumsatz von 364,4 Mio. US-Dollar einfahren, doch aktuell stehen die Vorzeichen mehr als schlecht.
Bitfinex enables zero-fee USDT deposits and withdrawals on Tezos
Bitfinex customers can now benefit from zero fee deposits and withdrawals of USDT on the Tezos blockchain.
Tether (USDT), the world’s largest and most widely used US dollar-pegged stablecoin, has officially launched on the Tezos blockchain.
USDT is the third largest cryptocurrency by market cap of $65 billion, ranked behind Ethereum and benchmark asset Bitcoin.
USDT live on 12th blockchain
In an announcement on Friday last week, cryptocurrency exchange Bitfinex said that USDT would be enabled on the proof-of-stake (PoS) for deposits and withdrawals, all at zero fees.
USDT going live on Tezos means that the stablecoin is now available on twelve blockchain platforms. These are Ethereum, Tron, Polkadot, Algorand, Avalanche, Solana, EOS, Bitcoin Cash’s Simple Ledger Protocol (SLP), Liquid Network, Kusama and Omni.
XTZ tokens
The native Tezos token XTZ plays a massive role in the blockchain platform’s ecosystem. Apart from allowing users to interact with decentralised applications (dApps), XTZ can be used to pay transaction fees and for network security through staking.
Customers can buy XTZon Bitfinex via cash via Bank wire, as well as crypto and credit cards.
XTZ, currently trading around $1.60, reached an all-time high of $9.12 in October last year. The cryptocurrency has a market cap of $1.47 billion.
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Cardano forms a double top – Are we likely to see a price decline?
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Cardano’s ADA has been surging for the last two weeks
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The token was rejected twice at the resistance resulting in a double top
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ADA could slide, but investors should be keen on a potential breakout
Double tops and double bottoms are important price action signals in financial markets. The “tops” are seen as price peaks and are potential signals of an oncoming bear market. The “bottoms” are interpreted similarly and suggest a potential price jump.
Cardano ADA/USD is one of the cryptocurrencies that has remained bullish since mid-July. The crypto token rose to a high of $0.54 on July 20 from $0.41 on July 14. That happens amid an increase in whale activity on the network and as most cryptocurrencies gained. After trading slightly above or at resistance, bull exhaustion is evident. We believe ADA could fall further, but investors need not to panic.
ADA under pressure as double top forms at resistance
Source – TradingView
ADA price is under pressure after forming a double top slightly above the $0.52 resistance. The rejection of the price at the same level confirms buyer exhaustion. As a result, ADA will continue to fall in the short term. However, it also communicates that buyer interest remains strong in ADA. That was after buyers tried to clear the $0.52 for the second time.
ADA has broken below the 14-day and 21-day moving averages. That confirms a slight bearish pressure in the short term. The token has a minor support at $0.48., where the price is likely to settle. A further drop could see ADA settle at $0.44.
Concluding thoughts
Although ADA is under pressure from the double top, buyer interest remains high. We expect only a short-term drop. ADA will see lasting recoveries if it overcomes the consolidation by breaking past the $0.52 resistance.
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Südkorea verschiebt Krypto-Steuer von 20 Prozent auf 2025
Die Regierung des Landes will den Aufschub nutzen, um im Vorfeld der neuen Steuer einen umfänglichen Gesetzesrahmen für Kryptowährungen zu entwickeln.
Solana token remains on the watchlist despite bear pressure
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Solana has lost 5% in 24 hours as cryptocurrencies turn red
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The decline in crypto tokens is due to profit-taking after weeks of gains.
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Solana token could break out soon, and investors should be keen.
Solana SOL/USD has lost 5% in the last 24 hours as of press time. Maybe you could be wondering; is it time to buy? Or, you are a bit paranoid that the bear market has kicked in, and you are considering staying away. We urge that Solana could be looking for more bullish power before a major breakout occurs. Investors should watch the token for the potential to buy once that happens.
Looking generally at the crypto sector as of July 25, most tokens remain in the red. While the macro concerns remain, the bear market happens after some robust gains. The declines are, therefore, a result of profit taking from mainly short-term traders. SOL is one of the crypto tokens that saw an attempt to break from a key resistance fail. The slide could see buyers come in again, allowing a stronger bullish push.
Solana crashes back to the consolidation zone after a false breakout
Source – TradingView
On the daily chart, SOL has entered the consolidation zone established at between $32 and $42. It happens after the token temporarily breaches the resistance level in a false breakout. However, we can’t rule out that the breakout will remain valid if SOL holds above the MA. What we are sure of is that SOL remains bullish as long as it remains supported above $32.
At the moment, the token could continue consolidating until bulls overpower bears. The cryptocurrency is a hold. Investors can also add positions at the current level if the price remains supported by MAs. A drop to $32 would also open buy trades.
Summary
SOL remains robust despite a false breakout above $42. The token could find a bullish momentum to push above the consolidation zone. The next potential level is $58.
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