Die Bank für Internationalen Zahlungsausgleich sieht durchaus eine Machbarkeit bei den Projekten. Aber der rechtliche Rahmen muss immer noch erarbeitet werden.
BIZ: 90 Prozent der Zentralbanken untersuchen Nutzen von CBDCs
In einem Bericht vergleicht die Bank für Internationalen Zahlungsausgleich noch einmal Fiat-Geld mit Kryptowährungen.
Generalprobe für Merge: Beacon Chain auf weiterem Ethereum-Testnet lanciert
Das Sepolia-Testnet ist nach Ropsten das nächste Netzwerk, das testweise einen Merge durchführt, um Entwicklern einen Einblick zu geben, was beim Merge passieren könnte.
Aave jumps 20% in a steady bullish reversal
Aave has had its ups and downs over the last two months. However, during this period, the price action has largely remained below $50. Aave dropped significantly as well at the start of June. However, it has recovered and has now reclaimed several key support zones. Here are the highlights:
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AAVE has broken two resistance zones in recent days.
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The coin smashed past $61.25 and went on to also surge past $70.56.
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Aave has also seen gains of 20% over the last 24 hours.
Data Source: TradingView
Why Aave’s momentum is strong?
Although in general, the crypto market has rebounded, Aave has just shot up. Aggregated gains over a 7-day period are now at 17%, one of the highest in the top 50 cryptocurrencies. But the bullish breakout appears to have a lot of room to run.
The coin is now above two critical support zones. We expect this run to continue and eventually settle above $80. After that, Aave will likely pull back slightly. But it will not lose the $60 support, at least not any time soon. The surge in Aave also comes against the backdrop of improving conditions in the market.
It seems investors are now growing confident that the US Fed and other major central banks are serious about tackling inflation. But despite this, there are still several economic risks at play that could sip capital out of the crypto market.
For now, it seems Aave is recovering some of the major losses seen last week. The coin will however need to break above $100 to erase the June collapse.
Can Aave hit $100?
At the end of May, AAVE was well above $100. But weakness in the market has put so much pressure on the DeFi token.
We don’t see it regaining $100 in the near term. In fact, a practical trading range over the coming few weeks will be between $60 and $80.
The post Aave jumps 20% in a steady bullish reversal appeared first on CoinJournal.
Elrond gears up for a bull run in the coming weeks
Like so many other cryptocurrencies in the market, Elrond has reported steady gains at the start of the week. The coin in fact appears to be getting ready for a massive bull run after it managed to break out of a two-month resistance trendline. But how far can the coin go, and will the uptrend actually last? Here are some pointers:
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EGLD has managed to convert $56.3 from resistance to support
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The coin has struggled to cross above this price for the best part of 3 months
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The breakout presents a real prospect of a decent uptrend for EGLD
Data Source: TradingView
How far can EGLD go?
At the moment, EGLD appears to be setting the stage for a run towards $75 or thereabout. This will represent a gain of 25% from the current price. Crossing above $56.83 is a major feat for the coin. The price is sandwiched between long-term resistance and EGLD’s 20-day EMA.
At press time, the coin was selling for slightly above $60. This means that EGLD has surged past a long-term resistance trendline while still beating off its 20-day EMA. These are very legit bullish signs that should give any investor some hope.
However, there are still some limits as to the overall upside. For now, a modest 25% surge appears likely, but it’s really hard to say how far the coin can sustain these gains. After all, the crypto market is just slightly recovering after last week’s sell-off.
How to trade this setup
EGLD of course offers a decent bullish setup. But only a short-term play makes sense. So, give it a day or two and see if the price consolidates above $56.4.
After that, buy and exit at $75 or thereabout. As for long-term buyers, this is still a good time to buy owing to the huge dips we have seen over the past 6 months.
The post Elrond gears up for a bull run in the coming weeks appeared first on CoinJournal.