Crypto News Archive - Seite 1497 von 1897 - Finanzmittel Info + Krypto + Geld + Gold

12. August 2022

Is Uniswap about to go lower after a MACD crossover?

Uniswap was one of the strongest tokens in July on strong fundamentals
The Uniswap protocol proposes a new foundation to support growth
UNI is holding a key level, but bear weakness could heighten

After a strong rally recently, Uniswap UNI/USD bull run is weakening. A more than 3.40% drop in the last seven days illustrates the weakening momentum. However, UNI has kept a key level, sending mixed signals about the next potential move.

Uniswap’s gains in July were connected to improved sentiment in the crypto sector. The price surge, in particular, came from the projected Ethereum merge. That boosted DeFi tokens such as Uniswap. Another development in the month was the listing of the token on Robinhood. UNI hit a high of $9.8 on July 28 following the monthly rally. The price was from a low of $4.0 at the beginning of the month.

The latest development was the creation of the Uniswap Foundation. Announced in early August, the foundation would support the growth of the protocol. It will champion the creation of a $60 million fund to fund various projects. Uniswap creator Hayden Adams expects the foundation to build a protocol that “thrives.” The development is yet to cause any impact on UNI but underlines the protocol’s long-term map plan.

UNI holds $8.4 support intact despite MACD crossover

Source – TradingView

From the technical outlook, the MACD line crossed below the signal line. The crossover comes after UNI consolidated and weakened slightly above the $8.4 support. The cryptocurrency has also maintained the uptrend in a system of higher highs and higher lows.

Concluding thoughts

The MACD crossover sends mixed signals for UNI traders. However, as long as the token keeps $8.4 support, it has a chance to go higher. Investors should watch for bullish signs. If the token crashes below $8.4, that will be set on course for further correction. The next level is $6.5 and $5.6.

The post Is Uniswap about to go lower after a MACD crossover? appeared first on CoinJournal.

12. August 2022

Shiba Inu’s upside remains muted – What could happen next?

Shiba Inu momentum remains weak amid crypto recoveries
The lack of fundamentals is the reason for the weak momentum
SHIB has maintained an ascending triangle

Most cryptocurrencies surged as the US inflation data showed cooling prices. However, Shiba Inu SHIB/USD defied the sentiment and maintained the same level. The token has been trading within narrow margins at $0.00001224. The level coincides with the upper bound of the consolidation zone.

Shiba Inu’s latest indecision underlines its status as a meme token. The token has rarely gone with the momentum of the market. Instead, it has relied on influencer mentions and crypto’s own fundamentals. With few developments occurring for the cryptocurrency, that could explain the negligible movement.

Nonetheless, it is important to note that Shiba Inu’s price has increased by more than 22% in a month. The price increase coincided with increased whale activity in anticipation of recovery. Shiba Inu lovers could be looking for the next trigger to take the token higher. But in the meantime, we may have to put up with a sluggish price recovery.

Shiba Inu trades in an ascending triangle amid a weak momentum.

Source – TradingView

From the technical outlook, SHIB is in a bullish trend. The uptrend and resistance form an ascending triangle. However, the momentum is dying, as confirmed by the MACD indicators and the price action at the resistance.

Two outcomes are likely for SHIB. The first is a breakout of the ascending triangle, confirming a bullish bias. For the price to move higher, there must be some fundamentals to drive SHIB. If a breakout fails, SHIB could slide back to the consolidation zone.

Summary

SHIB has maintained the uptrend, but the momentum remains weak. Watch for a potential breakout and an acceleration of bullish momentum.

The post Shiba Inu’s upside remains muted – What could happen next? appeared first on CoinJournal.

12. August 2022

Ethereum Merge upgrade date will depend on Hashrate – Vitalik Buterin

Ethereum’s co-founder Vitalik Buterin in a tweet today hinted that the actual date of the Ethereum Merge would depend on hashrate.

Bordel.wtf had earlier predicted that the upgrade would take place on September 15 and although Ethereum Foundation and Ethereum co-founder Vitalik Buterin have not strongly asserted a date, September 15 seems to be the likely date based on the current hashrate which is at 879.2 TH/s.

According to Butterin’s tweet, the terminal total difficulty (TTD) has been set to 58750000000000000000000.

Once the TTD is reached, Ethereum Mainnet will merge with the Beacon Chain and transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus mechanism.

Fixed number of hashes remaining

According to Buterin, Ethereum mainnet PoW now has fixed hashes remaining to mine.

If the hasrate stays near the current hashrate 879.2 TH/s, the merge will happen by the anticipated date of September 15. However, if the hashrate changes, the Merge date will definitely change.

Ethereum Network currently requires to maintain an average hashrate of 872.2 TH/s to achieve the set TTD of 58750000000000000000000 BY September 15 at 04:44 UTC.

Goerli testnet Merge is already done

This week, developers successfully completed the Goerli testnet Merge and all eyes are now set on the upcoming Bellatrix and Paris upgrades which are tentatively scheduled for September 6 and September 15.

However, the Merge is expected to happen before the Bellatrix upgrade and before the end of September.

The crypto community is eagerly awaiting the Merge upgrade which is also expected to have a very significant effect on the price of ether (ETH).

The post Ethereum Merge upgrade date will depend on Hashrate – Vitalik Buterin appeared first on CoinJournal.

12. August 2022

Ballet Crypto CEO: Bitcoin doesn’t have to follow Ethereum on PoS

Ballet Crypto CEO Bobby Lee has added his voice to the many in the industry who say the pioneer PoW blockchain does not have to follow Ethereum’s path.

Bobby Lee, the CEO of Ballet Crypto, a US-based crypto storage app provider, believes Bitcoin (BTC) is fine just where it is in terms of its consensus mechanism.

Like most within the Bitcoin community, there is no need to contemplate an upgrade similar to what Ethereum (ETH) has pursued for several years now – the switch from a proof-of-work (PoW) to proof-of-stake (PoS) mechanism.

Lee’s comments were part of a broader outlook on Ethereum’s upcoming Merge set for September, and the overall bullish picture after that. He also touched on what the transition could mean for Bitcoin, the leading proof-of-work network.

The Ballet Crypto CEO, who says he is “very bullish” on crypto, shared these views with Bloomberg Television on Friday.

Bitcoin and Ethereum’s PoS switch

This week has seen Ethereum successfully activate the third of its testnets ahead of the ETH 2.0 transition via the “Merge”.

The event, slated for mid-September, has been coming since the launch of the Beacon Chain in 2020, with millions of Ether, the native token on the Ethereum network staked amid investor expectations of benefitting – not from mining, but as validators.

Amid this slow move towards the upgrade has been a call from some quarters for Bitcoin to also consider proof-of-stake, the main contention being the huge amounts of energy needed to run and secure the benchmark cryptocurrency’s network via mining.

According to the Ballet Crypto chief, attention could turn to Bitcoin if Ethereum ends up with a successful PoS network. But despite what might be a “fierce debate” on this, Lee thinks Ethereum and Bitcoin being different fundamentally means the two blockchains can go on to follow different consensus paths after the “merge.”

“Fundamentally Bitcoin and Ethereum are different even though they’re routinely lumped into the same bucket as decentralized cryptocurrency. But the reality is that they’re quite different, because Bitcoin is more about money as an underlying asset class whereas Ethereum is more about a global computation system – like a global internet computer system,” Lee told Bloomberg.

In his opinion, Bitcoin will remain a store of value and used as money, while Ethereum is set to continue running smart contracts and enable things like DeFi and NFTs and many more applications and tokens.

“And for that matter it’s not that it’s not critical that Bitcoin has to follow Ethereum for its consensus mechanism. They can be different. And right now they’re going in different directions” he added.

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12. August 2022

EWT price prediction as Energy Web Token jumps

The EWT price jumped sharply on Friday as demand for the coin rose. The Energy Web Token rose to a high of $4.56, which was the highest level since May this year. It has risen by more than 85% from the lowest level this year, giving it a market cap of over $170 million.

What is Energy Web Token?

The world is facing an urgent need to solve the ongoing climate crisis. One way this is happening is through vast investments in electric vehicles and the overall switch to clean energy,

Energy Web is an organization that is seeking to have an impact in the sector. It builds operating systems for energy grids with the goal of powering the zero-carbon economy.

In the past few years, the company has deployed its operating systems for energy grids in more than 100 energy participants. For example, in Australia, it runs Energy Demand and Generation Exchange (EDGE). The product helps the company deploy Distributed Energy Resource (DERs).

Energy Web has also developed EW Zero, an ope source tool for purchasing renewables and carbon removal. Further, it has built an e-mobility dashboard for Elia Group that helps to exchange data from EVs, charging stations, and grid operators.

In total, Energy Web has over 50 projects in 25 countries. Some of the top companies that use its solution are Protocol Labs, Google, Volkswagen, and Filecoin.

EWT is the native token for Energy Web platform. It is used by participants in the ecosystem to provide utility. The EWT price jumped sharply after the company was mentioned by Blackrock, the biggest asset manager in the world with over $10 trillion in assets. The company said:

“BlackRock is encouraged that organizations such as RMI and Energy Web are developing programs to bring greater transparency to sustainable energy usage in bitcoin mining, and will follow progress around those initiatives.”

EWT price prediction

The four-hour chart shows that the EWT price found a strong support at $2.13 this year. It struggled to move below the level several times this week. The coin has managed to move above the 25-day and 50-day moving averages while the MACD has moved slightly above the neutral point.

Therefore, the Energy Web Token will likely resume the downward trend as the Blackrock hype fades. If this happens, the next key support to watch will be at $2.70, which was the highest point on July 21st.

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