Schlagwort: blockchain analysis

TWT is the best performer amongst the leading cryptocurrencies today after rallying by 47% in the last 24 hours.

TWT, the native token of the Trust Wallet ecosystem, is up by 47% in the last 24 hours, making it the best performer amongst the top 100 cryptocurrencies by market cap.

The rally comes after Changpeng Zhao, the CEO of Binance, urged people to use Trust Wallet. His comment comes as centralised exchanges were facing pressure from the broader crypto community following FTX’s recent collapse. 

We are not just a CEX. We offer choices.

Store crypto yourself? Read this article I wrote from 2 years ago. The 15 minutes read will save you money and headache later. @TrustWallet

Read the same article if you use a CEX, too. @binancehttps://t.co/Kp6VeKirgZ

— CZ 🔶 Binance (@cz_binance) November 13, 2022

CZ said Binance offers choices for investors, and Trust Wallet is one way they can store their cryptocurrencies and be in control of their keys. 

TWT’s rally comes as the broader crypto market begins its recovery following last week’s massive losses. The total crypto market cap is up by more than 1% today and currently stands at around $840 billion.

Bitcoin is closing in on the $17k resistance level and is up by 1% in the last 24 hours. Ether is also trading above $1,200 and is up by 2.5% so far today.

Key levels to watch

The TWT/USD 4-hour chart is extremely bullish as Trust Wallet has been performing well in the last 24 hours. The technical indicators show that TWT is outperforming the broader crypto market. 

The MACD line is deep within the positive zone, indicating that TWT is currently bullish. The 14-day RSI of 85 shows that TWT is currently in the overbought region.

At press time, TWT is trading at $2.4952 per coin. If the bullish run continues, TWT could surge past the first major resistance level at $3.0 and set a new all-time high in the process.

However, TWT could need the support of the broader cryptocurrency market to move toward the $4 mark in the near term. 

Where to buy Trust Wallet now

Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.

Buy TWT with Capital.com today Disclaimer

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.

Buy TWT with Binance today

The post TWT soars by 47% after Changpeng Zhao promotes the use of Trust Wallet appeared first on CoinJournal.

Ripple token (XRP) continues to send clear signals. It is ready for takeoff once it is confirmed that XRP is not a security, as alleged by the US SEC. On Tuesday, the token surged by 10%, becoming the top gainer among its peers. The gains come after positive cryptocurrency news.

According to the November 14 announcement, Ripple has been granted motions to file amicus briefs in the case with SEC. The amici status allows individuals and other interested parties to be included to assist in the proceeding. Coinbase could be the first “friend of the court” to file the amici briefs. The US crypto exchange has supported Ripple’s argument that XRP should not be classified as a security. The exchange and other firms are expected to file by November 18.

The development is positive for Ripple since amici briefs have been a source of contention for a while. It will shed more light on the case and allow Ripple to build a stronger argument against the regulator. In particular, Coinbase has been vocal against SEC’s rulemaking targeting the crypto industry.

The court’s go-ahead brings a new perspective, dealing a blow to the regulator. SEC has so far been losing the battle against Ripple. If you are seeking to buy XRP in light of the developments, you need to look at the technical bits.

XRP hit a resistance level as price pumps

Source – TradingView

Technically, XRP trades at a key resistance zone. The momentum is weak, considering that the token is recovering from the recent slump. The MACD indicator remains in the bear zone. The level around $0.38 should be watched.

When to buy XRP?

The development around Ripple’s case with SEC is positive for XRP. The price could build on the news to continue rising. A bullish momentum will be confirmed if XRP clears the area around $0.38-$0.40. 

On the flip side, bears could outwit the bulls at the current resistance level and force a correction back to $0.30. Both outcomes are likely given the mixed crypto outlook. So, buy after confirmation of the upside.

Where to buy XRP

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.

Buy XRP with eToro today Disclaimer

Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.

Buy XRP with Capital.com today Disclaimer

The post Ripple’s XRP rallies 10% after another win. Is the token now bullish? appeared first on CoinJournal.

MDX price staged a strong recovery this week as investors bought the dip. The coin jumped to a high of $0.12, its highest point since November 7. At its peak, MDEX was up by more than 80% from its lowest level this month.

What is MDEX and why is it rising?

MDEX is a small but fast-growing platform in the decentralized finance (DeFi) industry. It aims to provide a platform where users can do cross-chain transactions on the BNB Chain, HECO, and Ethereum. According to its website, MDEX has a total value locked (TVL) of more than $600 million.

MDEX aims to grow by integrating more chains in its ecosystem. Its dual mining mechanism of liquidity mining and transaction mining gives participants with maximum rewards.

MDX is the native token for MDEX’s ecosystem. It has a total supply limit of about 1.06 billion coins. 10% of them are use for team operations while 7% is used to reward early investors. 49% and 31% of these funds are used for liquidity mining on HECO and BNB, respectively.

It is unclear why MDEX price has bounced back in the past few days considering that most cryptocurrencies have nosedived recently. A possible reason is that many investors have moved to Decentralised Finance now that centralized exchanges have continued imploding.

 Just a few months ago, exchanges like Voyager Digital and Celsius collapsed. And this month, the top crypto news is the collapse of FTX.

Another reason is that the network has continued adding more products in its ecosystem, On Tuesday, it added Trust Wallet to its Innovation Zone. Trust is a fast-growing coin that was recently touted by Changpeng Zhao. MDEX also continued burning more MDX tokens in a bid to boost its value.

MDX price forecast

The four-hour chart shows that the MDEX price has been in a strong recovery in the past few days. In this period, it has managed to move above the important 25-day and 50-day moving averages. The coin’s Relative Strength Index (RSI) has moved slightly below the overbought level. 

MDEX has also formed a bullish flag pattern. Therefore, there is a likelihood that the coin will continue rising as bulls target the next key resistance level at $0.1600. A drop below the key support level at $0.100 will invalidate the bullish view.

How to buy MDEX

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.

Buy MDX with Binance today

Swapzone

Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.

Buy MDX with Swapzone today

The post MDX price is defying gravity: Is it a good buy? appeared first on CoinJournal.

November has been a difficult month for cryptocurrencies. The most important crypto news was the sudden collapse of FTX, the second-biggest exchange in the world. In the aftermath, the prices of most cryptocurrencies have crashed hard in the past few weeks. Here are some of the top penny cryptos to watch in November.

Bonfida (FIDA)

Bonfida is a blockchain project in Solana’s ecosystem. As a result, FIDA price has been one of the worst-performing cryptocurrencies in November. This happened as most investors dumped Solana and apps in its ecosystem because of their exposure to FTX and Alameda Research.

Bonfida is one of the oldest platforms in Solana’s ecosystem. It offers blockchain products for Solana. Some of the top apps in its ecosystem are Solana Name Service and Jabber. It also helps to bridge the gap between Solana, Serum, and the user.

FIDA price has fallen by more than 80% from its highest level in 2022. Still, there is a likelihood that it will bounce back as concerns about its exposure to Solana and Alameda ease. Indeed, FIDA and SERUM prices have bounced back by over 50% in the past 24 hours.

How to buy Bonfida

Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.

Buy FIDA with Capital.com today Disclaimer

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.

Buy FIDA with Binance today

Algorand (ALGO)

Algorand is one of the leading layer-1 networks in the industry. It is an Ethereum rival that is used by developers who wants to build all types of applications in all industries. Algorand price was trading at $0.27 on Tuesday, meaning that it has plunged by over 88% from its highest point last year. 

Algorand is a good penny crypto to watch in November because of its partnership with FIFA. A few months ago, the network inked a deal with FIFA. As part of the agreement, Algorand is now the official blockchain partner of FIFA.

It was also used to build all of FIFAs NFTs. Also, it will advertise widely in the upcoming FIFA World Cup. Therefore, there is a likelihood that ALGO price will do well during the event.

How to buy Algorand

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.

Buy ALGO with eToro today Disclaimer

Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.

Buy ALGO with Capital.com today Disclaimer

FTX Token

FTX Token is the native token for the FTX ecosystem. It has crashed by more than 90% this month because of the collapse of its parent company. As a result. FTT’s market cap has plunged to about $400 million.

Fundamentally, FTT is a bad investment since its parent company has collapsed. However, this does not mean that it is moving to zero any time soon. Instead, there is a likelihood that it will experience volatility as a short squeeze ensues. We have seen such performances with the likes of Celsius and Voyager Digital.

How to buy FTX token

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.

Buy FTT with Binance today

Bitfinex

Bitfinex is a bitcoin exchange platform that provides advanced services for digital currency traders and liquidity providers.

Buy FTT with Bitfinex today

The post Top penny cryptos to watch in November appeared first on CoinJournal.

MATIC is up by more than 1% in the last 24 hours as the broader cryptocurrency market continues to recover from last week’s slump.

MATIC, the native coin of the Polygon network, is up by more than 1% in the last 24 hours. The performance comes as the broader crypto market slowly recovers from its poor outing last week.

The positive performance can be attributed to Nike revealing that it would be entering the Polygon ecosystem.

Grab your kicks 👟
+ BRING 👏🏽 YOUR 👏🏽 A 👏🏽 GAME 👏🏽@Nike is building their web3 experiences exclusively #onPolygon 💪🏾

This is the first step of the journey, and we can’t wait to see how Nike engages its community through #web3https://t.co/bk19RLNodX

— Polygon – MATIC 💜 (@0xPolygon) November 14, 2022

The Polygon team revealed that Nike, one of the leading sports apparel manufacturers in the world, will build its web3 experience on Polygon. 

The performance also comes as the broader cryptocurrency market continues to maintain its positive start to the week. 

The total cryptocurrency market cap stands around $845 billion, up by less than 1% in the last 24 hours. Bitcoin is closing in on the $1,700 resistance level after adding 1% to its value today.

Ether, the second-largest cryptocurrency by market cap, is also up by less than 1% today and is now trading at $1,259 per coin.

Key levels to watch

The MATIC/USD 4-hour chart remains bearish despite MATIC adding more than 1% to its value today. The technical indicators show that MATIC is recovering from last week’s poor performance.

The MACD line is currently below the neutral zone, indicating that the bears still control a large chunk of the market.

The 14-day relative strength index of 47 shows that MATIC is no longer in the oversold region. At press time, MATIC is trading at $0.938 per coin. If the positive trend is maintained, MATIC could trade at around $0.9893 before the end of the day.

MATIC could surge past the second major resistance level at $1.0641 in the near term if it gets support from the broader cryptocurrency market. 

Where to buy Polygon now

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.

Buy MATIC with eToro today Disclaimer

Skilling

Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.

Buy MATIC with Skilling today Disclaimer

The post Will MATIC rally higher after Nike announces plan to build its web3 experience on Polygon? appeared first on CoinJournal.