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A series of prediction for watershed moments to come during Bitcoin's Fifth Epoch.
A series of prediction for watershed moments to come during Bitcoin's Fifth Epoch.
Pocket FM teams up with ElevenLabs to transform written stories into audio with AI, achieving high production efficiency and inclusivity. (Read More)
Mini apps enable Telegram's 900 million monthly users to participate in web3 games and earn tokens without downloading additional apps.
Once he completes his four-month sentence at Lompoc prison, Zhao plans to resume his involvement in cryptocurrency.
Cardano (ADA) is flashing mixed signals as its market structure hints at an imminent short-term price crash. While bearish indicators suggest a possible decline, a crypto analyst reveals that the broader trend remains intact, with technical patterns supporting the potential for a rally toward the $0.9 mark. Cardano Price Crash Incoming TradingView Crypto analyst SiDec has released a bearish price forecast for Cardano, anticipating a significant correction toward the $0.75 area in the coming days. This cautious outlook is based on detailed analysis using Elliott Wave Theory, Fibonacci tools, and critical price action zones. Related Reading: Crypto Analyst Releases Next Potential Targets For Cardano, Is $1 ADA Still Possible? SiDec has stated that ADAs price continues to consolidate after completing a 5-wave impulse move, signaling the end of its upward momentum. Following this strong impulse rally, the cryptocurrency is now exhibiting a classic Elliott Wave behavior, transitioning into a textbook ABC corrective pattern. The cryptocurrency first experienced a pull-back, labeled as Wave A on the price chart, followed by a temporary recovery in Wave B. According to SiDec, Wave C is expected to complete the retracement pattern, with ADAs final downward move nearing its end. Currently, technical indicators and price action point to the $0.705 region as a high-probability long entry zone. The TradingView analyst also clarifies where ADA might find solid support during this corrective phase using Fibonacci Retracement zones. The 50% retracement level of the entire bullish 5-wave impulse is positioned approximately at $0.7534 a critical price point that coincides closely with ADAs previous price swing at $0.746. This former resistance level has yet to be revisited, making it a natural support candidate. The analysis further identifies a 1:1 ABC extension for the anticipated correction in ADA, placing Wave Cs potential crash target around $0.7492. This also creates a tight cluster of technical indicators in the range of roughly $0.75, indicating a strong support zone. Further supporting this level, the daily 21 Exponential Moving Average (EMA) stands at $0.7455, while the daily 21 Simple Moving Average (SMA) is slightly lower at $0.7347. SiDec has also identified the Point of Control (POC), which marks the price with the highest volume, near $0.7318. The analyst further highlights that Cardanos anchored Volume Weighted Average Price (VWAP) resides within the $0.75 support zone. At the same time, the Pitchfork tools golden pocket aligns dynamically as support around the same area. ADA Price Path To $0.92 Holds Firm While SiDec eyes a potential crash to new lows for ADA in the near term, the analysts chart also shows a green zone, with a projected bullish bounce drawn. Following its Wave C crash, Cardano is expected to rebound and approach the $0.92 level. Related Reading: Cardano Price Set For 300% Explosion With Major Bullish Impulse The TradingView analyst has advised caution around this area, as $0.92 acts as a significant resistance zone and coincides with a prior liquidity zone that could trigger rejection or profit-taking. SiDec has emphasized that the risk-to-reward ratio around this area will only become favorable once there is clear confirmation, such as an SFP, a bearish engulfing candle, or visible divergence. Overall, if the $0.75 support zone holds, Cardano, which is currently trading at $0.78, could be positioned for a strong recovery toward $0.92 and beyond. Featured image from Unsplash, chart from Tradingview.com
Big Red, the fastest-growing meme on the Avalanche (AVAX) blockchain, proudly announces its official inclusion in the Memecoin Rush: Epoch 2 program. Recognized for its rapid growth and brand influence, Big Red has been selected to join the esteemed staking pool for Epoch 2, reaffirming its role as a frontrunner
After weeks of constrained price action and consistently lower highs, Cardano (ADA) appears to have finally broken free from its bearish grip. A recent analysis by crypto trader TehThomas on the TradingView platform confirms that ADA has broken out on the 4-hour chart, which may be marking the beginning of a more significant trend reversal. ADA Breakout Reshapes Market Structure After Downtrend Cardano, like the rest of the crypto market, experienced a bearish trend in March. This bearishness was so intense that it saw the altcoin go from hoping to break above $1 in the first few days of March to the bulls working to prevent a close below $0.65 at the end of the month. Related Reading: Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe In terms of price action, the Cardano price held up better than most large market-cap cryptocurrencies throughout this decline. Interestingly, technical analysis shows that Cardano’s price action in the last week of March played out in a descending channel formation, as highlighted by crypto analyst TehThomas. According to the technical analysis, which examined Cardano’s price action on the 4-hour candlestick timeframe, the descending channel that confined Cardanos price for the past several days was eventually breached in the first few days of April, allowing the asset to snap out of its minor corrective structure. Although limited to the 4-hour timeframe, this development could prove significant in shaping ADAs trajectory through April. If the momentum holds, more traders may start positioning for a continuation toward higher resistance levels above $0.7 that was easily broken in recent weeks. Golden Pocket And Fair Value Gap Converge: Target Zones To Watch The next challenge lies in reaching a zone that combines two significant technical features: the golden pocket and a Fair Value Gap (FVG). The golden pocket, located between the 0.618 and 0.65 Fibonacci retracement levels, is commonly seen as a strong resistance zone, especially following a breakout. In the case of Cardano, TehThomas identified the golden pocket lying around $0.72. This level here could pose a resistance for any uptrend above $0.70. The $0.72 region is also highlighted by a Fair Value Gap (FVG), created by the quick price fall in March that left behind an unbalanced area on the chart. According to TehThomas, price tends to revisit these imbalances to fill them, making this confluence a magnet for short-term action. Related Reading: Cardano Price Prediction: Analyst Says $0.8 Might Not Come Again If This Wedge Breaks Out Liquidity will likely be clustered here as well, meaning that Cardano could face some volatility as it approaches it. If bulls can break through this zone with conviction, it could open the path to above $0.7. However, if the price stalls or rejects, the cryptocurrency may pull back to retest the breakout point at $0.65 before attempting another push. Interestingly, this has been the case in the past 24 hours. Featured image from iStock, chart from Tradingview.com
2023 is shaping up to be a painful year for the U.S. Securities and Exchange Commission (SEC) as it finds itself entangled in battles with the ever-evolving and innovative cryptocurrency industry. From Ripple to Coinbase and Tron, the SEC faces fierce opposition with potentially huge consequences. The following opinion editorial was written by Joseph Collement, [...]
The post SEC in a Pickle: Crypto’s Tricky Trio Stirs Up Trouble in 2023 appeared first on Crypto Breaking News.
The bank requires the wallet to execute basic features such as transacting value and requesting payments and set its budget at nearly $255,000.
On Dec. 5, 2022, at block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty reduction in 2022. The current difficulty is approximately 34.24 trillion and it will remain at this point for the next two weeks or 2,016 blocks. Bitcoin Miners Catch a Break as the Network’s Difficulty Drops
The post Bitcoin’s Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022 appeared first on BTC Ethereum Crypto Currency Blog.
The Web3 blockchain data ecosystem Pocket Network adds support for the Fantom blockchain, allowing developers to mint Fantom RPC endpoints for their applications directly from Pocket Portal, earning $POKT tokens. (Read More)
Nexo, a lending services provider, has partnered with Mastercard and DiPocket to offer Nexo Card, a credit card backed by bitcoin or other cryptocurrencies.
March 25, 2022, 3:51PM EDT • 14 min read Quick Take This weekly series explores the most interesting insights in NFTs, blockchain gaming, and virtual worlds Yuga Labs’ ApeCoin launch seems to have, at least temporarily, revitalized the NFT market on Ethereum Many PFP projects are experimenting with a variety of strategies to expand beyond […]
The dynamic gas fee computational model on the Ethereum Network compelled users to pay gas as high as $100 for a transaction. Therefore you can imagine the state of the user when he/she has to pay such a high gas to send $100 to a third party. So the scenario very well justifies the state of the crypto market and the reason for the recent surge in the layer 2 solutions crypto prices, especially Polygon. But users want a seamless experience while keeping the crypto in a wallet that helps them connect to layer 2's in a flash. Wouldn't that be so satisfying if there exists something which can do so?
Token Pocket is the name in case you are looking for such a fast gateway to keep everything sorted in the crypto sphere. Having said that, let’s deep dive to know about this wallet and how we can set it up on our preferred layer 2’s to send money in a flash with marginal fees.
What is Token Pocket?Token Pocket is a multi-chain wallet that supports a wide range of cryptocurrencies. However, that’s a humble introduction to the ecosystem. But when we dive deeper, the token pocket ecosystem does quite a lot of things in the crypto space starting from working as a Dapp store to a handy blockchain kit to a complete crypto shop that proudly showcases everything which is crypto. Having said that, if you are among most of the users feeling the burden of high gas cost on Ethereum Network and you wish to switch to Polygon, this tutorial has everything that you need to get started with.
What is Polygon?Polygon is an interchain blockchain that runs on its own consensus mechanism; however, it establishes a bridge for the parent chain to function at its full potential. With that said, when Polygon works as a network infrastructure or side chain for the parent chain, it dramatically increases its adaptability, scalability,
and throughput. With the help of the Polygon side chains, those blockchains which are known to process very fewer transactions could increase their network potential by a significant margin.
How to Set Up Polygon on Token Pocket For Sending Transactions? Step 1Open the Token Pocket App
Step 2On the upper left-hand side, you can see a wallet image as shown in the image. Click on it and once you do, it will ask you to switch the wallet by clicking the add wallet button. Here as you can see Polygon is highlighted on the extreme left side at the bottom of the image. Click on the Add wallet button to move the process further.
Step 3Once you do, it will show a create widget as shown in the left-hand image given below. Once you click on it, it will show another option on your device screen asking to create a wallet as shown in the image on the right-hand side.
Step 4Set the wallet name and assign a password for future use. Make sure to mark the Terms and Services and hit the create wallet button. A note of caution in between, make sure to write down the pneumonic phrase on a piece of paper and store it someplace safe. At no point in time, you should share this pneumonic phrase with anyone else. If you do so ever, it will make your wallet vulnerable since anyone can hit the forget password and restore the wallet with the phrase and withdraw all your funds.
Step 5In this step, verify the wallet with your pneumonic phrase and click on confirm. Once you do that, Viola! You have just created Polygon Matic successfully.
How to Use Polygon on Token Pocket To Transfer Crypto Assets?To transfer funds from the Ethereum Blockchain to the Polygon chain, you need a bridge. Across all layer 2’s the bridge acts in a uniform manner, which is locking the asset and exiting the same when the user wants it. On Polygon, it follows the same model. The Polygon chain either uses the Plasma Bridge or the POS Bridge for transferring assets to the parent chain. Since Plasma provides full proof security, it takes more days to withdraw the funds at the time of the exit to the main/parent chain. On Plasma, it usually takes 7 days. Whereas, if you perform the same function on a POS bridge, it will complete the same in only 3 hours.
Moving forward, we will take the POS bridge since we need funds at the earliest in this example.
Step 1You need to click the discover button as shown at the bottom of the Polygon Wallet. On the discovery search console, input the keyphrase Polygon bridge.
Step 2Click on Polygon Bridge.
Step 3Once you do, it will take you to a page that would ask you to connect a wallet. In this example, we are using the Metamask wallet. Confirm the information inputted and hit the confirm button as shown in the below image.
Step 4Once you have done this step, you need to click on the back to wallet option shown on the upper left side as mentioned below.
Step 5Choose the token of your choice that you wish to move to the Polygon chain. In this example, we are taking USDT(Tether).
Step 6Enter the token amount that you wish to transfer. You can either pick the max or the amount of your choice. Once you have inputted that, hit on the transfer button that transfers the amount.
Step 7Confirm the transaction that is happening from the Ethereum Chain to the Polygon Chain. Once you do that, click on the continue button.
Step 8In the deposit process, there are two transactions visible (1) Approve Deposit (2) Complete Deposit. Click on continue.
Step 9Double confirm and click on the continue button.
Step 10Confirm the approved transaction and click on continue to approve the deposit.
Step 11Once you click on continue, it will transfer the asset. However, it may take a little time. So, please wait patiently and after a few minutes, you can see your Polygon Wallet balance updated successfully.
© Cryptoticker
The post A Beginners Guide: How To Use Polygon on Token Pocket? appeared first on CryptoTicker.
While crypto markets have been trading sideways, some crypto Metaverse coins have seen a significant price this week. Let’s take a look at three crypto Metaverse coins gaining the most price this week, ordered by 7-day price gain, lowest to highest. UFO Gaming (UFO) +8.45% UFO Gaming is a decentralized gaming platform built on Ethereum. […]
The post Top 3 Crypto Metaverse Coins Gaining The Most Price This Week (December 20th, 2021) appeared first on NullTX.
Pocket Network is bringing a fully decentralized network of over 9000 nodes to Solana.
OroPocket, an app that allows users to trade crypto and other real-world assets via on-chain synthetics, announced today that it has established a partnership with Onfido, an identity verification, and authentication platform, to implement safe and fast identity verification for user onboarding. Onfido uses artificial intelligence (AI) and facial biometrics to validate identities, providing a […]
The post Crypto investment app OroPocket integrates automatic user verification with Onfido appeared first on CryptoNinjas.
Crypto analyst Dima Potts has provided insights into the current Dogecoin price action. In his analysis, Potts highlighted the $0.28 price level as being the next major milestone for DOGE as it eyes a breakout on its way to a new all-time high (ATH). Why $0.28 Is The Next Major Milestone For Dogecoins Road To ATH In an X post, Dima Potts revealed that $0.28 would be the next major milestone for Dogecoin on its road to a new ATH. The analyst stated that he expects DOGE to move towards the $0.28 range, similar to the previous cycle. As such, he remarked that this range marks the next major milestone for the foremost meme coin. Related Reading: Historical Performance Says Dogecoin Price Could Surge To $2.2, Heres How The analyst further noted that beyond this point, there would be an increase in volatility with the Dogecoin price consolidating before heading towards new yearly highs and eventually its ATH. In the meantime, Potts noted that the $0.25 price level continues to serve as a short-term support level that DOGEs price should follow, just like in the 2017 cycle when this pattern emerged. The analyst had earlier revealed that a similar pattern to the one in the 2017 cycle was emerging for Dogecoin in this cycle. He alluded to this pattern as why DOGE can rally to as high as $10 in this cycle. Potts remarked that he believes the meme coin will head towards its all-time highs and then much higher in the coming weeks, mirroring its 2017 performance. Meanwhile, crypto analyst Kevin Capital recently highlighted the Dogecoin prices struggle to reclaim this $0.28. This came as he noted that DOGE has failed to get above the macro golden pocket and weekly bull market support band, which is around the $0.28 range. In line with this, he stated that it is time to watch the Bitcoin price even closer to see if the flagship crypto can help the foremost meme coin witness a bullish reversal soon enough. DOGE Has Entered A Boring Phase In an X post, crypto analyst Trader Tardigrade stated that the Dogecoin price has entered the boring phase. In line with this, he told market participants to expect tight consolidation at the current level over the next few weeks before the massive DOGE rally. His accompanying chart showed that DOGE could rally above $1 when this rally happens. Related Reading: Dogecoin Traders Remain Extremely Bullish Despite Price Crash, Here Are The Numbers Crypto analyst Kevin Capital stated that the Dogecoin price is still in risky waters. He remarked that the meme coin needs to get above the macro golden pocket and weekly bull market support band at $0.30 on weekly closes. The analyst added that it is only when that happens that market participants can feel good again about DOGE attacking the highs and beyond. At the time of writing, the Dogecoin price is trading at around $0.25, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
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