Bitcoin aus dem Mt. Gox-Hack von 2014 bewegen sich erstmals seit 7 Jahren: 65 BTC wurden am 22. November auf die Kryptobörse HitBTC geschickt.
WEMIX price plunges 77% after South Korea’s crypto exchanges threaten to delist it
South Korea’s largest crypto exchanges have stated that the WEMIX tokens in circulation supply exceed what Wemix had disclosed.
Key Takeaways
- South Korea’s largest crypto exchanges non-November 24 said they would terminate contract support for WEMIX.
- At press time the WEMIX token was trading at $0.3578 after a 24-hour drop of 77.12%.
- The exchanges had issued an investment warning on Oct. 27 alleging that there was more WEMIX in circulation than Wemix had disclosed.
Alleged false information by Wemix
Bithumb, Upbeat, Coinone, Korbit and Gopax, which are part of a collection of South Korea’s largest cryptocurrency exchanges called the Digital Asset eXchange Alliance (DAXA), announced yesterday (Nov. 24) that they would delist the WEMIX token. DAXA alleged Wemix, the firm behind the WEMIX token, provided false information in response to an investment warning that DAXA had issued in October.
According to the announcement by DAXA, WEMIX trading is set to end on December 8, 2022.
On October 27, DAXA issued an investment warning alleging that there were more WEMIX tokens in circulation than what Wemix had disclosed. In response to the allegations, Wemix had pledged to work with DAXA to alleviate the concerns.
Wemix response
Immediately after the delisting news broke, Wemix Communication released a statement claiming it had responded to the concerns raised by DAXA and had corrected a number of issues concerning the circulation supply, the team said:
“The WEMIX team does not acknowledge or agree with the unreasonable decision made by the Digital Asset eXchange Alliance (DAXA)… It is crucial to note that the Foundation has not circulated a single WEMIX more than what we have officially disclosed thus far.”
Unfortunately, the market had already responded to the delisting news and the WEMIX token plunged by more than 70% within minutes of the news and it is still dropping.
The post WEMIX price plunges 77% after South Korea’s crypto exchanges threaten to delist it appeared first on CoinJournal.
Zilliqa price prediction: what’s next after ZIL falls 90%?
Zilliqa price has been in a strong bearish trend in the past few months. ZIL plunged to a low of $0.020, which was the lowest level since November 2020. This means that the coin is on a path to losing most gains it experienced during the pandemic. It has crashed by more than 90% from its highest point this year.
Why is ZIL crashing?
Zilliqa is a leading blockchain pioneer that introduced the concept of sharding. Sharding improves the performance of a blockchain platform by breaking down its blocks into smaller units known as shards.
In the past few years, sharding has been embraced by various blockchains. Most notably, Ethereum is expected to implement the technology in 2023. After that, transaction speeds in the network will grow from less than 20 per second to thousands. Other networks that are using sharding are Elrond, Near Protocol, and Polkadot.
Zilliqa price has been in a strong bearish trend in the past few months for several reasons. First, the performance of Metapolis, its metaverse as a service (MaaS) has not performed as was widely expected when it was launched in Miami. It is not alone. Other metaverse projects like Decentraland and Sandbox have all underperformed.
Second, Zilliqa has not performed well in the DeFi industry. A good way to measure this performance is to look at the volume of assets locked in the network. It currently stands at $4.1 million, with Zilswap having a market dominance of 99.96%. At its peak, Zilliqa had a TVL of over $200 million.
Third, Zilliqa’s performance in the Non-Fungible Token (NFT) industry. There have been no major NFT collection launched in Zilliqa that could compete with the likes of Bored Ape Yacht Club and Otherdeed.
Finally, like other coins, ZIL price has been hit by the ongoing collapse of FTX and Alameda and the past meltdown of Terra. FTX was the second-biggest crypto exchange in the world.
Zilliqa price forecast
Zilliqa price chart by TradingView
So, is it safe to buy Zilliqa? Turning to the weekly chart, we see that the ZIL price has been in a strong bearish trend. A closer look shows that it has formed a descending head and shoulders pattern. The current price is along the lower side of this pattern.
Zilliqa has moved below all moving averages while the Relative Strength Index (RSI) moved below the oversold level. The Stochastic Oscillator has also continued falling. Therefore, the coin will likely continue falling as sellers target the next key support level at $0.0100.
How to buy Zilliqa
OKX
OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.
Binance
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
The post Zilliqa price prediction: what’s next after ZIL falls 90%? appeared first on CoinJournal.
Bitcoin-Kurs droht weiterhin der Crash auf 12.000 US-Dollar
Die momentane Stabilität des Kurses trügt, denn die Beobachter halten weiterhin den Crash auf 12.000 US-Dollar für denkbar.
Has Uniswap become bearish after this price action?
-
Uniswap has declined by 6% in the past week.
-
UNI has lost a key support.
-
The cryptocurrency is bearish, but there are bullish signs.
Uniswap (UNI/USD) has been under pressure lately. The cryptocurrency was among those that were least shaken by the FTX collapse. The strengths were supported by traders’ exodus to decentralised exchanges. Days after the collapse, Uniswap became the second largest exchange on Ethereum trading volumes after Binance.
However, the Uniswap token is now under pressure. A loss of 6% in the past week took the cryptocurrency to $4.9, losing an important $6.0 support zone. Clearly, the bears have the upper hand after the cryptocurrency broke below the key level. The cryptocurrency recovered slightly by 1.50% on Thursday.
But there are positive developments that could increase the utility of Uniswap’s token. A Messari report on November 21 indicated that Uniswap was exploring a new product line. The report indicated that Uniswap would spend $165 million in the endeavour. That will see the introduction of swaps through Sudoswap and Genie XYZ acquisitions. The addition of swaps is expected to enhance Uniswap’s liquidity and boost the utility of the native token.
Uniswap analysis and technical outlook
On the daily chart, UNI is trading with weakening momentum. The MACD indicator is bearish as the cryptocurrency slipped below the $5.6 level.
The RSI reading is below the midpoint. The cryptocurrency is yet to enter the oversold level but is under the control of bears.
What next for UNI?
The bias is bearish for UNI price at the moment. However, the cryptocurrency is rather choppy rather than extremely bearish. If the bear momentum mounts, the next level to watch will be $4.1.
On the flip side, the slight recovery below the support-turned-resistance could ignite a bullish push for UNI. A sustained upside will allow buyers to take the price above the $5.6 zone.
Where to buy UNI
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
OKX
OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.
The post Has Uniswap become bearish after this price action? appeared first on CoinJournal.