Kategorie: Crypto News

• BTC/USD bounced above $44,000 on Tuesday, up from lows of $41,700 reached on Monday

• Analyst Rekt Capital says flipping the area above $43k into support will help BTC bulls retain the upside advantage.

Bitcoin’s recovery off its macro range lows following the dip to support at $33,000 looks to pick up fresh momentum after Monday’s downside. While bulls look to move higher, the bears are likely to stage a comeback, particularly if crypto mirrors any potential downturn in the equities market.

On Monday, BTC managed to hold above $42k even as stocks fell amid concerns over the Russia-Ukraine crisis. 

Can Bitcoin go higher?

Popular analyst Rekt Capital says the bounce seen overnight where BTC is back above $44,000 has the flagship cryptocurrency “again challenging” a key resistance zone.

The mid-range area the analyst is watching is in the region of $43-$48k, where the weekly chart has the Bull Market EMAs buyers need to turn into support and open a potential path for further gains.

The upside also sees BTC pop into the $43k-$52k above which lies the macro range highs reached last November.

Rekt says:

“BTC is once again trying to confirm a breakout into the $43100-$52000 range (black-black). At this time, $BTC is positioning itself up for a retest just like in the previous orange circle”

Weekly chart showing Bitcoin price breakout into the key bullish range of $43-$52k. Source: Rekt Capital on Twitter.

Looking at higher timeframes, the analyst points to the 12-month chart that he says shows the yearly resistance level around $46,500 is struggling to keep BTC lower. The outlook suggests BTC remains bullish as long as there is no major rejection to the downside from the level.

The current #BTC yearly resistance of ~$46500 (black) is having a hard time at properly rejecting price to the downside$BTC #Crypto #Bitcoin pic.twitter.com/Yom38DbEZS

— Rekt Capital (@rektcapital) February 15, 2022

According to pseudonymous analyst Walter Cripto, the technical outlook for Bitcoin will continue to be bullish short term if bulls hold onto support above $44,000. If that scenario works out, he points to a fresh bounce to resistance levels above $52,000.

At the moment, Bitcoin is trading around $44,300, nearly 4% up in the past 24 hours. Weekly gains stand at just over one percent.

As per Rekt Capital, the key support level remains around $43,280.

The post Analyst says Bitcoin needs to flip $43K into support, bears seek to stall bounce, appeared first on Coin Journal.

The top 10 cryptos were all in the green over the past 24 hours after several crypto companies featured commercials during the pro football championship game.

The SPX500 and DJ30 fell in trading yesterday, down 0.29% and 0.44% respectively, while the NASDAQ100 rose marginally by 0.25% as geopolitical tensions continued to unnerve investors.

The UK100 fell 1.75% yesterday as wider market fears over the geopolitical situation in Ukraine sent stocks tumbling across Europe. The price of oil nearly hit $94 on Monday night.

Top cryptos

Solana was up 8%, Ethereum gained more than 7%, while XRP and Cardano added more than 3%. Bitcoin was trading at $43,500 at time of writing, up almost 4%.

At #10, the live Avalanche price today is $88.33 with a 24-hour trading volume of just over a billion. Its token AVAX is up 11% in the last 24 hours. 

Polygon, the 15th largest coin by market cap, is trading for $1.79 with a 24-hour trading volume of $1.12 billion. Polygon is up 10% in the last 24 hours. 

Top movers

The biggest winners in the top 100 are Kadena, Gala, The Graph, and Mina Protocol. Kadena bills itself as an ecosystem that makes blockchain work for everyone. It provides the security of Bitcoin, virtually free gas, unparalleled throughput, and smarter contracts. It has added almost a fifth to its value today.

Gala gained 18% after Gala Games announced Galaverse dates. The Graph, an indexing protocol for querying data for networks like Ethereum and IPFS, is up 19% in the last 24 hours. It powers many applications in both DeFi and the broader Web3 ecosystem.

Mina Protocol is a minimal “succinct blockchain” built to curtail computational requirements in order to run DApps more efficiently. It gained 17% today.

Other winners include Secret, Helium, and Qtum with +14%, +12%, and +11% respectively. Decentraland, one of the most popular metaverses, saw its native token MANA gain 9% in the last 24 hours. Fantom, another metaverse token, gained 8%.

The live Hedera price today is $0.25 with a 24-hour trading volume of $180.4 million. HBAR is up 11% in the last 24 hours. 

Trending

Online Lex Partners (onLEXpa) specializes in the development of online courses and projects. It aims to make education around the world more accessible through blockchain technology. After migrating to a new BSC contract, it gained 2,623%.

Dopex is a decentralized options protocol that targets liquidity maximization while minimizing losses for option writers and maximizing gains for buyers. It has added 25% to its value today.

The post Market highlights February 15: Major cryptos rise after the big game appeared first on Coin Journal.

While the market has been trading sideways over the past few weeks, several metaverse coins have seen significant price gains with GALA gaining 19.20% in the last 24 hours as others like Bitcoin (BTC) and Ethereum (ETH) see a single-digit percentage price gain.

At the time of writing, it was trading at $0.338844 with a daily high of $0.3415 and a daily low of $0.2811.

It has a trading volume of $1,651,491,576 up over 81% in the last 24 hours, a market cap of $2,364,184,488 and a circulating supply of 6,977,205,436 GALA coins.

Now let’s see what the surge is all about.

Gala Games’ Galaverse

In a nutshell, Gala is a blockchain gaming studio that gives players control over their games.

Today the gaming studio made a big stride after announcing the dates of their upcoming Galaverse launch, a 3-day event that will be held between 7th and 8th June in Copenhagen, Denmark.

Don’t miss your opportunity to attend Galaverse this June in Copenhagen, Denmark!🎉

More info in the article👇https://t.co/eXNfDbFni5

— Gala Games (@GoGalaGames) February 14, 2022

The official blog stated:

‘’It was clear that the Galaverse is much much larger than anyone event, no matter how epic. With memories of -into the galaverse still fresh in our minds, we’ve set out to plan the first of this year’s events! That’s right — the FIRST!’’

In their last event held in mid-December 2021 in Las Vegas, the Gala Games team presented an immersive world-class experience as well as announced its upcoming projects like the walking Dead, Legacy, Empires, and Last Expedition.

In their blog post, Gala Games clarified that participants will only be required to purchase a single ticket for the whole event. The available tickets will be 800 only which will cost $8,000 for the singles and $14,000 for the couples.

This is their second biggest announcement this month as the earlier reports from CoinGape confirmed their plan where was to invest $5 billion in the expansion of its NFT ecosystem next year.

According to the report, the fund will be allocated as follows; $2billion into the game development, $1billion to the music studio project and the remaining $2 billion will go to Gala theme park NFTs and movies each receiving $1 billion.

The post Gala Games (GALA) coin price jumps 19%: is it time to buy? appeared first on Coin Journal.

Dopex (DBX) is a decentralized options protocol that targets liquidity maximization while minimizing losses for option writers and maximizing gains for buyers. It has added 25% to its value today.

Look no farther than this guide for all the details: what it is, should you buy it now, and the top places to buy it.

Top places to buy Dopex now

As DPX is such a new asset, it’s yet to be listed on major exchanges. You can still purchase DPX using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy DPX right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for DPX

Now that you’re connected, you’ll be able to swap for 100s of coins including DPX.

What is Dopex?

This easy-to-use platform makes it possible for anyone to participate in an option pool. Users can deposit base/quote for their respective pools, earn passive income by writing, and purchase discounted options through liquidity pools.

Option writers benefit from a rebate system for losses based on the exercised options for every monthly or weekly series. Rebates are calculated based on percentage losses incurred by options writers during a weekly series and then paid in the protocol’s rebate token rDPX.

Option pool participants receive a percentage of rPDX relative to their value of losses. Using this rebate system, options writers benefit from a higher return than they would have from hedging strategies.

Should I buy it today?

Dopex shows promise, but it’s a relatively new asset. Exercise caution and study the market before making a commitment.

DPX price prediction

According to Tech News Leader, Dopex will go from its current price of $1,941 to $3,288 in 1 year. It will trade for $10,182 in 5 and for $69,214 in 10 years.

Dopex on social media

@dopex_io

Market Cap: $316,197,242 / TVL: $55 million / Staked Value: $301 million

Unlike Ribbon, Dopex is both a marketplace and structure product platform (2 in 1).

— Micah Spruill (@micahspruill) February 8, 2022

The post Dopex (DPX) Price added a quarter to its value: Where can you buy it? appeared first on Coin Journal.