Der Großteil der großen Krypto-Mining-Unternehmen haben ihre geminten Bitcoin bereits verkauft. Nur wenige Unternehmen wie Marathon, Hut 8 und Hive halten weiter an diesen Fest.
Bitcoin (BTC)-Kursindikator signalisiert möglichen Boden: 2015 und 2018 bereits korrekt prognostiziert
Diese Woche schließt der 150-Tage-EMA von Bitcoin unter dem 471-Tage-SMA. Das ist bisher nur zwei Mal passiert.
Französischer Zentralbankgouverneur kündigt Phase 2 von digitalem Euro-Projekt an
Die französische Zentralbanken will zusammen mit der Europäischen Union wCBDC-Experimente durchführen, eine proprietäre Blockchain entwickeln und eine automatisierte Market-Maker-Plattform lancieren.
Is ApeCoin a buy after retesting $4.3 support?
- ApeCoin finds support at the $4.3 price level.
-
APE is down 83.8% from its all-time high.
-
Trends around Metaverse directly affect the long-term value.
The ApeCoin DAO airdropped millions of APE tokens to NFT owners in March this year during the token’s launch. The airdrop went to BAYC, Mutant Ape Yacht Club, and Bored Ape Kennel Club NFT holders. The token distribution and the speculations around it drove it to as high as $27 in April.
The surge was also attributed to the anticipated NFT sales of the BAYC metaverse game ‘Otherside’. However, at the moment, the enthusiasm seems to have faded away. APE is currently trading at $4.28 after a 5.77% decline in the past day and a 10.39% drop in the past week.
Overall, ApeCoin is down 83.8%, with a market capitalization of $1.29 million and #43 in market ranking. The current circulating supply is 299,531,250 from a hard cap of 1 billion.
ApeCoin is a governance token that is used as a utility token. The token allows holders to be part of a decentralized ecosystem of a Web3 community. The native APE token started trading on March 17, 2022. The token remains bearish despite attracting notable partnerships from major industry players like Animoca Brands. However, as the Web3 economy evolves into the metaverse, projections point to a comeback in the token.
APE retests $4.3 support
The 4-hour technical chart below shows that APE has retested the $4.3 price support. The MACD line has crossed the signal line from above to below, showing that the momentum is bearish. However, the RSI reading is at the oversold zone and presents a potential trend reversal. If the trend reverses, $5.3 will be the next level to watch. Clearance above the resistance could welcome an uptrend.
Source: TradingView
Summary
While the speculation around NFTs is believed to have been behind the surge in the value of APE, the long-term value seems intact. The technical indicators show mixed signals, with the MACD showing bearish momentum while the RSI seems to have bottomed. For the holders, the trends in the metaverse and NFTs will inform the value of ApeCoin.
The post Is ApeCoin a buy after retesting $4.3 support? appeared first on CoinJournal.
What next as Tezos slips below a short-term trendline?
-
Tezos token XTZ has been bullish this month.
-
The cryptocurrency has breached an ascending trendline and is going lower.
-
XTZ could fall up to $1.3 as weakness develops.
Tezos XTZ/USD has been bullish since the start of July. The cryptocurrency recovered from the $1.3 bottom on July 1, rising to a high of 1.7 on July 11. The crypto weakness has caused a 2% drop in Tezos in the last 24 hours.
Tezos prides itself on being an open-source platform. It seeks to address the barriers that face blockchain adoption for assets and applications. It achieves the goal by ensuring that Web3 is user-governed. Users can directly interface with one another over the network and interact with various applications. Its native token XTZ is used to pay for fees and for staking. It also acts as the basic accounting unit on the blockchain platform.
Whereas the XTZ token surged massively in 2021, it crashed this year. The token currently trades at $1.5, significantly below the high of above $9 in October 2021. Investors could again be looking for an opportunity to snap the token at the bottom. But is Tezos currently a buy?
Tezos bearish breakout is currently underway
Source – TradingView
Technically, the MACD indicator is flashing a bearish market for Tezos. Previously, the cryptocurrency was trading in a system of higher highs and higher lows. Prices always recovered after hitting the 21-day moving average. However, with the recent weakness, Tezos broke below the ascending trendline and channel. It also trades below the 14-day and 21-day moving averages, which affirms the developing bearish move. We recommend a sell of Tezos as the price faces further declines. The cryptocurrency could proceed lower to touch the $1.3 support again.
Summary
Tezos is bearish after breaching an ascending trendline and channel. MACD indicators and moving averages are bearish. The cryptocurrency could fall back to $1.3.
The post What next as Tezos slips below a short-term trendline? appeared first on CoinJournal.