Schlagwort: crypto business

• Litecoin price was hovering around $93.90 early Sunday, up 2% in 24 hours.
• The Litecoin Foundation recently announced a major partnership with Metalpha Technology Holdings.
• LTC price is just above the 50D EMA, and must hold above here if bulls have to take charge.

LTC price prediction after Litecoin Foundation and Metalpha partnership

To strengthen the short-term bullish outlook, bulls need to retest and break resistance at the middle line of the ascending channel (daily chart). That means moving to the price range between $97 and $100. The channel’s upper trendline offers resistance around $110. 

As predicted last week, LTC price could see a 40% jump if it breaks the $100-110 confluent zone, with potential gains to above $130.

Helping this positive short-term outlook could be the resilience in the broader crypto market as Bitcoin attempts to hold major support above $23k, with a retest of $25k possible.

More than that, it could be the bullish outlook from the likely institutional pull of Litecoin, particularly following this week’s partnership with Nasdaq-listed wealth manager Metalpha Technology  Holding Ltd (NASDAQ: MATH.)

The partnership could prove pivotal for Litecoin miners as well promote the adoption of LTC as a global payment network. This is because Litecoin will collaborate with the crypto-focused firm to promote sustainable mining and offer hedging solutions for miners. The plan is to lower carbon emissions amid a push for renewable energy.

Metalpha will also help bring financial derivative products to the Litecoin network, the Litecoin Foundation said in a press announcement.

As seen in the daily chart above, the 50-day exponential moving average (EMA) currently provides an immediate buffer zone.

If price penetrates this level on the downside, LTC could drop to the $80.38 line, below which the 200-day EMA is at $78.52. December 2022 lows around $63 is another key level that bears might be eyeing.

The post Litecoin price analysis: Can LTC ride the Metalpha partnership to break $100? appeared first on CoinJournal.

• Polkadot joins the ETHDenver BUIDLing event on 28 February.
• DOT price is down on Friday as broader markets fall following US PCE data.
• The technical outlook for DOT price suggests bulls need to hold above $6.35 or bears could take control.

Polkadot will next week be one of the highlight projects at the ETHDenver 2023 summit.

While the Web3 BUIDLathon event will see the largest gathering of enthusiasts, developers and engineers in the broader Ethereum ecosystem, blockchain enthusiasts will no doubt be keen on the sharded blockchain protocol that’s Polkadot.

Polkadot’s announcement today confirmed the ecosystem will join the ETHDenver 2023 BUIDLing summit starting on 28 February. Apart from panel talks and a conference program, there will be community side events and interactive activities.

The event will run through March 5 and could be key to the DOT price action.

1/ It’s less than a week before the Polkadot ecosystem joins #ETHDenver 2023.

🧵 Check this thread for the latest info on the Polkadot #BUIDLing summit, conference program, and community side events.

📅 Events dates: February 28 – March 5
🔗 To register: https://t.co/fOhV0Uk44v pic.twitter.com/xrDEieLPVf

— Polkadot (@Polkadot) February 24, 2023

Polkadot price analysis

DOT is trading around $6.64, down about 6% in the past 24 hours and only 4% up in the past week. The token has formed a downtrend line since the flip negative that began on 19 February when the DOT/USD pair hit a 30-day high around $7.74.

The technical breakdown from the resistance line of the ascending channel has DOT currently at risk of free-falling, with the demand zone at $6.90 and then $6.71 gone on the 4-hour chart. If bulls fail to hold the area around $6.35, the price could plummet to the main support line at $6.00.

Polkadot price analysis 4-hour chart. Source: TradingView

Price is also below the 50 day Exponential Moving Averages (EMA), which is now the immediate resistance line. DOT is also just off the 200-day EMA as seen in the 4-hour chart. 

A breakdown beyond this line could confirm a bearish flip as suggested by the sloping Relative Strength Index (RSI).

Whether this happens during the ETHDenver summit or later may nonetheless depend on the overall market outlook, particularly what Bitcoin price does over the next few days.

The post Polkadot price prediction: DOT ahead of ETHDenver 2023 appeared first on CoinJournal.

• Gate.io has added trading support for DappRadar token RADAR.
• Trading in the RADAR/USDT pair opened on 23 February, 8 AM UTC.
• OKX also recently listed RADAR, with the token’s price rallying to $0.036.

RADAR, the native token of the world’s Dapp store DappRadar, is now live on leading cryptocurrency exchange Gate.io.

On Friday, the DappRadar team announced its token had opened for trading on the Gate.io digital assets exchange. The RADAR/USDT pair went live for public trading today, 23 February 2023 at 8 AM UTC, according to the announcement.

RADAR price  

DappRadar’s utility and governance token RADAR is trading lower, with 18% losses in the past 24 hours. However, this after its price rallied to highs of $0.036 on Wednesday, 22 February.

Notably, RADAR also listed on OKX, another leading crypto exchange on 21 February. The price surge that followed looks to have then flipped alongside the conventional ‘buy the rumour sell the news’ scenario, with today’s slump likely due to an increase in profit taking deals.

DappRadar is building a solid community though, with RADAR holders able to benefit from cross-chain functionality. For instance, one can stake their tokens on Ethereum and claim rewards on the BNB Chain blockchain. RADAR holders can also access much more.

With $RADAR, you can unlock exclusive PRO perks.

⚙ Customized filters
⌛ Additional time intervals
💪 Download data in CSV format
🤖 Exclusive Discord channels
🔔 Tailored Alert options
♾ Access unlimited dapp smart contractshttps://t.co/dv8WQxFq5r pic.twitter.com/DzoyFxW1Ec

— DappRadar (@DappRadar) February 23, 2023

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• Yearn Finance token YFI rose to highs of $10,405 on Binance.
• YFI traded around $7,400 earlier in the week before surging on news the Yearn team was planning to launch a new ETH liquid staking token.
• yETH will offer access to a basket of liquid staking derivatives (LSDs) in one token.

YFI, the native token of Yearn Finance, is trading just under $10,000 on Friday morning having retreated from a six-month high reached late Thursday.

At the moment, YFI/USD is trending near $9,420, just in the red on the day but more than 30% up over the past 30 days.

YFI price surges as Yearn Finance offers Ether liquid staking asset

YFI traded at lows of $7,400 on Tuesday and printed four consecutive green candles before today.

While YFI has given up some of the intraday gains, it is likely to see a fifth consecutive green candle and eye further gains if the market returns to bullish sentiment.  

On Tuesday, the Yearn Finance developer team announced the platform was ready to unveil a liquid staking derivative (LSD) product for Ethereum. 

Introducing yETH, an LSD of LSDs.

💊 Get exposure to a basket of LSDs in one token.
🌈 Spread your risk.
🍄 Boosted yields.

Get ready to expand your mind anon.

— yearn (@iearnfinance) February 21, 2023

Liquid staking involves the locking up of staked tokens in exchange for tokenised versions that holders can then use across decentralised finance, including as collateral at lending platforms, margin trading or yield generation.

The DeFi platform’s new product will allow exposure to a single token offering to multiple LSDs. According to the team, yETH gives investors an opportunity to spread their risk even as they look to boost their yield.

The post YFI price hits $10k as Yearn Finance announces new liquid staking product appeared first on CoinJournal.