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Showing posts from March, 2023

Stellar's XLM bounces 15% two days after hitting record low versus XRP

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XLM price is playing catchup to XRP's March gains, quickly rising 25% versus the U.S. dollar while the XLM/XRP pair bounces from record lows. The price of Stellar (XLM) rebounded 15% versus its arch-rival XRP (XRP) two days after the XLM/XRP pair set a record low of 0.181. Notably, the XLM/ XRP pair rose to its intraday high of 0.20 XRP on March 31, a move that coincided with a decoupling between Stellar and XRP in the U.S. dollar market. For instance, XLM's price has jumped over 11% since March 29 versus XRP's 3% decline. XLM/XRP weekly price chart. Source: TradingView XLM price eyes 10% gains versus XRP in April On a broader timeframe, XLM has dropped 89% versus its peak of 1.655 XRP in January 2021. Interestingly, the peak formed a month after the U.S. Securities and Exchange Commission sued Ripple for allegedly selling securities in the form of XRP tokens.  The SEC vs. Ripple case is now nearing its conclusion with legal experts favoring a win for Ripple. Meanwhile, ...

Baby Doge April 2023 Price Prediction, Update

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Meme coins like Dogecoin, Shiba Inu, and Baby Doge have caught the interest of cryptocurrency investors. Although Dogecoin was the catalyst for the first meme coin movement, many others soon followed. Baby Doge Coin enjoyed its share of popularity during the 2021 bull run. However, 2022 proved to be one of the worst years for all coins, and meme coin s were no exception. Even though Dogecoin and Shiba Inu are reigning in the meme coin realm, Baby Doge is trying to prove that it is right behind them. This is evident from its recent price hike in February. Also read: US Senator Elizabeth Warren Launches “Anti-Crypto” Re-Election Campaign With a few cryptocurrencies trading in green and a few in red, here is our price prediction for April 2023. Baby Doge Price Prediction for April 2023 According to CoinGecko data, BabyDoge is trading at $0.000000002348 with a 9.2% gain in value over the last 24 hours. The meme coin is also up by 10.2% in the last seven days and u...

SPACE ID Price Prediction 2023-2030: Will ID Price Hit $1 Soon? 

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Table of contents What is SPACE ID (ID)? SPACE ID Market Overview Analyst View on SPACE ID SPACE ID Current Market Status SPACE ID Price Analysis 2023 SPACE ID Price Analysis – Bollinger Bands SPACE ID Price Analysis – Relative Strength Index (RSI) SPACE ID Price Analysis – Moving Average SPACE ID Price Prediction 2023 SPACE ID Price Prediction 2024 SPACE ID Price Prediction 2025 SPACE ID Price Prediction 2026 SPACE ID Price Prediction 2027 SPACE ID Price Prediction 2028 SPACE ID Price Prediction 2029 SPACE ID Price Prediction 2030 SPACE ID Price Prediction 2040 Conclusion  FAQ What is SPACE ID (ID)? SPACE ID was formed to act as a universal name service network to meet the rising demands for decentralized identity and various Web3 name services. These decentralized identities could be used across multiple dApps and blockchain networks and have proven to be an essential key factor for the revolutionary Web3 age. SPACE ID is a one-stop web3 domain a...

Tron Is In An Uptrend, But Could Face Rejection At $0.066

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Mar 29, 2023 at 09:43 // Price Author Coin Idol The price of TRON (TRX) is currently correcting upwards after a recent decline below the moving average lines. TRON price long-term forecast: In range The cryptocurrency asset currently has a new value of $0.065. Bullish momentum continued below the 50-day line SMA but above the 21-day line SMA. Bulls bought the dips during the recent price action when TRON fell to its previous low of $0.060. The price of TRX/USD will reach a high of $0.070 if it rises above the moving average lines. If the 50-day Simple Mov...

‘Withdrawals are coming!’ — Ethereum devs confirm epoch for Shapella fork

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Shapella will take effect at epoch 194,048, which is scheduled for 10:27:35pm UTC on April 12. Ethereum validators will soon be able to withdraw their Ether (ETH) from the Beacon Chain, with the Shapella Hard Fork set to be activated on the Ethereum mainnet on April 12. Shapella will take effect at epoch 194,048, which is scheduled for 10:27 pm UTC on April 12, Ethereum core developers confirmed. The withdrawals will be enabled by Ethereum Improvement Proposal EIP-4895 by “pushing” staked Ether from the Beacon Chain to the Ethereum Virtual Machine (EVM), otherwise known as the execution layer. It's happening Shapella is scheduled on mainnet for epoch 194048, scheduled for 22:27:35 UTC on Apr. 12, 2023 Client releases compatible with the upgrade are listed in the announcement below https://t.co/I0hSv9lnjz — timbeiko.eth ️ (@TimBeiko) March 28, 2023 The epoch, slot, and time were confirmed following a week-long deliberation between members of the Ethereum Foundation, which w...

Troubles in Venezuela’s crypto ecosystem

Join Our Telegram channel to stay up to date on breaking news coverage Venezuela has been recently in the news in regards to crypto, and the news has not been good. It appears that the country’s crypto regulator, National Superintendency of Cryptoassets, or “Sunacrip” is dissatisfied with how the sector has grown, and has ordered all cryptocurrency exchanges registered in Venezuela in close. The news comes soon after President Nicolas Maduro ordered the arrest of Venezuela’s Superintendent of Cryptoassets, Joselit Ramirez, and the restructuring of the nation’s crypto regulatory body. Although the drastic action has not been officially confirmed, Venezuela’s National Association of Cryptocurrencies (Asonacrip) confirmed in interviews that it is happening as the nation moves forward with an anti-corruption investigation that has so far resulted in the heads being chopped off of Joselit Ramirez and Tareck el Aissami, the Minister of Energy and P...

Bullish Signal for Ethereum Amid Upcoming Shanghai Upgrade

Recent data from the on-chain metrics monitoring platform, Glassnode, reveals an increase in the number of addresses holding significant numbers of ETH tokens. According to the data aggregator, the number of wallet addresses with at least 0.01 ETH Coins has reached an eight-month high of 23,386,372. #Ethereum $ETH Number of Addresses Holding 0.01+ Coins just reached a 8-month high of 23,386,372 View metric:https://t.co/XXb0u19ouH pic.twitter.com/AfFNzUbPXG — glassnode alerts (@glassnodealerts) March 27, 2023 This information from Glassnode covers only Externally Owned Addresses (EOAs). It does not include contracts. The ETH resurgence is one of the crypto stories of 2023. Along with Bitcoin, Ethereum has led the cryptocurrency rally this year. As of the time of writing, ETH traded at $1,754, reflecting a 46.11% profit since the beginning of 2023. Among several factors, crypto users recognize the upcoming Shanghai upgrade as a significant behind Ethereum’s in...

European DeFi startups saw 120% increase in VC investment in 2022: Data

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Despite the ongoing tumultuous market conditions, VC investments in European crypto startups hit an all-time high of $5.7 billion in 2022. 2022 was a turbulent year for the crypto space, to say the least; from an ongoing bear market and crash for LUNA to the downfall of FTX one of the industry’s most prominent players. Despite the setbacks, VC investors continued to show support for crypto startups. According to a new study released by European investment firmRockawayX, VC investment in crypto startups based in Europe reached its all-time high in 2022 with $5.7 billion invested European DeFi Startups hit $1.2 billion in 2022, which is a 120% increase from the previous year’s Investments of $534 million Viktor Fischer, the CEO of RockawayX, pointed out that the crypto market is cyclical and during the 2018 winter, “the total digital asset market cap fell by 80%, but startup funding activity held steady.” “Investments made when digital asset prices were depressed materialized in tech ...

Bitcoin Difficulty Increases for Third Time in Six Weeks, Miners Remain Undeterred With High Hashrate

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On March 23, 2023, bitcoin experienced another difficulty increase, following two previous rises in the last month, jumping 7.56% higher. Currently, bitcoin miners have not been deterred by the increases, as the network hashrate has been coasting along at 346 exahash per second (EH/s). Bitcoin Hashrate Remains High Despite Recent 7.56% Difficulty Rise As of writing, there are more than 1,700 blocks left until the next difficulty retarget on April 5, 2023. Despite the difficulty increase on March 23 at block height 782,208, the hashrate remains high, and block intervals are still faster than the 10-minute average. The April 5 change is expected to be about 6.9% higher, as block times have been between nine minutes and 21 seconds and nine minutes and 14 seconds. The increase at block height 782,208 was 7.56% higher than the difficulty over the previous two weeks. Prior to that, on Feb. 24, 2023, at block height 778,176, the difficulty rose 9.95%, and on March 10, 2023, at block heig...

WuBlockchain Weekly:Coinbase got a Wells Notice、Arbitrum airdrop、Do Kwon's arrest and Top10 News

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Top10 News 1. Coinbase’s weekly summary a. Coinbase offered $3B backstop to Circle in bid to stabilize USDC link According to Fortune, Coinbase provided an instant credit line of about $3 billion to Circle after the bankruptcy of SVB to ensure that the USDC can be converted into US dollars on Monday morning. b. Coinbase requests SEC to clarify staking services as software services link On March 21, Coinbase submitted a comment letter to the SEC, explaining that its staking services are not a security issuance, but rather a software service, and that every branch of its core staking service fails the Howey Test. Coinbase requested that the SEC clarify the fact that staking services are not securities. c. Coinbase said it got a Wells Notice from the US SEC link On March 23, Coinbase said it got a Wells Notice from the US SEC, about an undefined portion of Coinbase listed digital assets and staking service Coinbase Earn, Coinbase Prime, Coinbase Wallet. Coinbase said it will not change cu...

Everything Fed Chair Jerome Powell Discussed at This Weeks Crucial FOMC Meeting

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In what was their most vital meeting in some, time the Federal Reserve opted to raise interest rates by another 25 bps. Moreover, as turmoil abounds within the banking sector, and the economy continues its fight against inflation, we break down every thing Fed Chair Jerome Powell discussed at this week’s FOMC Meeting. As the markets cautiously awaited the expected interest rate hikes, all eyes were on what Powell would discuss when he met with the media. Subsequently, his statements would have an undeniable impact on how the economy would respond to the Fed’s decision, and what it means in the short and long-term future. The Banking Sector Source: Forbes As many expected, the first thing Jerome Powell addressed was the concern within the country’s banking industry. Firstly, Powell spoke on the recent developments in the sector and Silicon Valley Bank’s closing marking the largest banking failure since the financial crisis of 2008. Powell stated, “In the past two weeks...