Schlagwort: crypto business

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Will the price of ECOMI (OMI) reach $0.02 in 2022?

  • The bullish price estimate for OMI is between $0.0062 and $0.0125.

  • The price of OMI may hit $0.02 this year. 

  • The OMI negative market price forecast for 2022 is $0.00461.

The cryptocurrency market seems to be rapidly rebounding in recent days. After a negative run in the previous months, bulls have gradually increased in the past week. At the moment, it seems that the crypto-asset business will resume its upward trend.

Price is currently trading at the Central Pivot, price trading above P indicates that OMI uptrend may extend for some time because the final candlestick is above P.

The latter indicates that the current gain in ECOMI (OMI) value is unlikely to cease soon, as there may be stabilization and a resumption of the bullish trend which may lead us to break the previous all-time high and tap a high of 0.02 before the year ends. 

Source – TradingView

The Relative Strength Index (RSI) determines oversold or overbought equities by measuring the relative momentum in the size of recent price fluctuations. The RSI price of ECOMI (OMI) on the OMIUSDT one-day chart is 58.20.

Because it is over 50, the OMI is in a robust bullish movement. This value might spark another bullish run as additional purchasers seek to profit from the predicted price rise.

The long-term OMI price forecast for 2022

OMI is likely to trade around its current all-time high of $0.01338. Nevertheless, this will only transpire if many earlier psychological barriers are broken.

If the current upward pattern holds, ECOMI might be worth $0.02 by the conclusion of 2022. Furthermore, the first half of 2022 will see a modest increase of up to $0.0082. With planned collaborations and advances, achieving $0.03 is somewhat ambitious in terms of pricing, but it is undeniably doable in the foreseeable future.

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Litecoin (LTC) rises 4.4% as MimbleWimble takes effect

  • Litecoin is trading at $114.2, the highest level since the 27th of January. 

  • Release of MimbleWible to positively affect Litecoin.

Source – TradingView

From the above chart, Litecoin is trading in the green today with the biggest gain since we, mirroring the prevailing attitude in the crypto market. LTC is now trading at $114,21, representing a 4.4% percent profit in 24 hours.

The rise in the value of Litecoin has been fueled by a respite in the prices of bigger cryptocurrencies like Bitcoin and Ethereum. The market has been displaying bullish momentum in lower levels and might see further gains in the following weeks.

The recent selling pressure caused by macroeconomic considerations has been and will continue to be alleviated in February. Some analysts believe this month of February has traditionally been optimistic for Litecoin and the crypto industry.

Release of MimbleWimble

Without a doubt, the subsequent declaration of LTC’s MimbleWimble development as either a Release Candidate or beta might have a positive long-term influence on Litecoin. The update has been in the works for many years and is one of the most anticipated product launches for this cryptocurrency in its community.

The news was made on Twitter by the MimbleWimble’s and Litecoin Foundation’s primary creator, David Burkett. Burkett used the MWEB extension to release the first LTC domains, which may be viewed below.

The developer began focusing on this update in 2019, and as the Foundation stated, MimbleWimble would be included in this cryptocurrency’s Core 0.21.2 version sample with an extra privacy-related enhancement. 

According to Guy Corem, MimbleWimble will be authorized by the Litecoin network if 6,048 nodes are alert for its deployment beginning at block heigh 2,217,600. Before this time ends, the update must be accepted by 75% of the LTC nodes.

The Litecoin Foundation confirmed that the community and miners might start pushing for MimbleWimble when they get the update code. The commencement date for the execution of this plan will be set after the stated threshold is met.

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The value of ALGO/USD rises to $0.982 following a mild bullish correction

  • The coin’s current price is $0.979, trading within a bearish wedge. 

  • The price of Algorand is rising after finding support at the 4-hour central pivot ($0.92)

  • The next resistance level remains firm at around $1.000 R1 level.

The most current Algorand price report reveals an upward trajectory for the day, as the bulls managed to obtain their advantage. The cryptocurrency encountered strong resistance last week but the bulls are again back on track.

The coin’s price rates have risen to a high of $0.98 due to the recent uptrend. If the bulls continue to advance, the ALGO/USD value is projected to rise even more this week.

Price recovers to $0.98 as bulls try to reclaim control

A significant amount of coin value was noticed in the one-day Algorand price study, indicating a positive trend for cryptocurrency. The price fell early this week, but the positive impetus has already been regained. The short-term trends line is heading higher as the price stabilized at $0.989. 

Source – TradingView

Volatility is growing, suggesting that a price drop is possible in the coming days. From the chart above, prices have formed a bearish wedge with the resistance at $1.00 giving bulls a very hard time breaking above the level.

Basic technical analysis also dictates that this bearish wedge pattern suggests that momentum will most likely come in the direction of the dominant trend before the wedge was formed. If we fail to break the R1 pivot level then we will easily see prices spiraling downward to break the previous low at $0.80.

However, in the recent 24 hours, the price broke beyond the $0.964 barrier, and additional gains are likely. While the hourly price chart provides a favorable signal, the price has recently reached a high of $0.98, and traders are keenly watching if markets break the $1.0 key level before they commit to being fully bullish or wait for the bearish continuation.

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GARI Token making waves in India: Here’s why Garicoin is up 100% in the past week

  • GARI airdrop as the Chingari app is also set to integrate the GARI token on 5 February.
  • Social app Chingari is making it easy for creators and influencers monetize content, giving them a lucrative platform to earn crypto and non-fungible tokens (NFTs)
  • India appeared to recognise crypto with a tax proposal on Tuesday

GARI token, the first social cryptocurrency token in India, has surged more than 100% this past week.

Over the past 24 hours, Garicoin price is up 20% and the GARI/USD pair has seen an intraday volume of $31.8 million according to data from CoinGecko. Daily trading volume is up 78%. GARI is even the top bullish trend on the USDT pair on the crypto exchange Gate.io, with over 160 tweets in the last hour about the token adding to the fact that this coin is hot.

GARI/USDT traded at lows of $0.25 on 24 January but rallied to $0.63 on 1 February 2022. Currently, it trades around $0.62. Its all-time high is $0.78, reached on 18 January 2022.  

Here is a chart of the GARI/USDT pair. Source: TradingView

But what is making the relatively unknown crypto token command such volume and interest from the crypto community?

Why GARI token rallied tenfold this week

The 100% upside seen in the Garicoin token is down to excitement among users of the Chingari App, a top social platform in India with over 32 million active users. 

India has a population of 1.38 billion people, giving the app room for further growth and potential price implication for the GARI token.

The app is powered by the GARI token, which was launched in late 2021 and reportedly moving towards integration into the popular app later this week. An airdrop towards has been ongoing as the launch nears.

The momentum seen in the day could also be down to the crypto community’s reaction to the Indian government’s signal that they may not ban cryptocurrencies after all. This happened as the country sought to introduce a 30% tax on crypto income, including NFTs.

Celebrity ambassador

Since its launch on October 16 last year, the GARI token has carried somewhat of a celebrity aura around. The appearance of Bollywood star Salman Khan and other household names at the launch of the crypto-focused social platform Chingari highlighted it to the crypto community in India.

Over the past two months or so, a growing pool of content creators and influencers seeking to monetize their talent has flocked to the blockchain-based platform, elevating demand for the GARI token.

The growth in NFTs is also a key factor in the increased demand for the coin, with users earning NFTs and monetizing them through features such as play-2-earn.

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Astra Protocol guarantees identity protection to The Sandbox users

Astra Protocol, a cutting-edge legal and compliance layer that brings unmatched assurance to public blockchains, announced that it has set up a Compliance Hub in The Sandbox virtual world, CoinJournal learned from a press release.

The new Compliance Hub will equip metaverse users with a decentralized compliance layer, including Anti-Money-Laundering (AML) and Know-Your-Customer (KYC) capabilities.

Making the metaverse safer for all

With its new Compliance Hub, Astra aims to make the emerging metaverse frontier safer for all participants. The layer resolves on-chain compliance issues using the expertise of trusted legal firms and its patented technology.

Astra has created a unique DLN (Decentralized Legal Network) comprised of all major, global audit and legal firms to make the best KYC/AML services available. The DLN incorporates jurisdictions in almost 200 countries, making sure regulations can be met almost anywhere in the world.

Users can connect to Hub’s DLN, gain accreditation, and more

A wide variety of options are available to metaverse users: connecting to the Compliance Hub’s DLN, obtaining accreditation, and receiving a non-transferrable NFT. The NFT will provide privileged access to otherwise inaccessible special events.

Following user verification, it’s possible to take part in any metaverse event you want without worrying about identity compromise. Astra’s services protect users from malicious or harmful accounts while solving identity issues.

Jez Ali, the founder of Astra Protocol, said:

We are delighted to announce the Astra Protocol’s entry into the metaverse with our first plot in The Sandbox. The future of metaverse development will be a long-lasting and innovative mission which has already shown incredible growth and is an exciting area of Web3. By deploying the first Compliance Hub in the metaverse, we can support this growth by adding a layer of protection for users across the world.

Astra Protocol chose The Sandbox to launch its Compliance Hub because of its fun and desirable locations. The majority of metaverse users turn to The Sandbox for new immersive experiences and ways to interact.

Competition for The Sandbox locations is cutthroat with only 166,464 individual plots of land available.

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