Fantom (FTM) Surges to New ATH: Watch This Vital Metric

Fantom (FTM) is among the ETH-layer1 competitors that have trended recently. The weekend had the altcoin rallying higher towards $3.40, registering another ATH. That came after FTOM noted a stable 15% upsurge on 16 January yesterday. According to on-chain analytic firm Santiment, Fantom’s funding rate on sites like Binance turns negative, showing massive shorts. Nevertheless,…

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Crypto Weekly Outlook – Market in Green; NEAR Joins Top 20 Crypto-List

Most top alt, including DOGE, MATIC, LUNA, and DOT, gained more than 15% over the week. Meanwhile, Near Protocol saw its native coin NEAR surging over 35% as the Layer1 network witnessed intensified competition. Bitcoin noted a tide shift this week, rising past the psychological level of $42,000. That comes after the leading crypto lost…

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Shiba Inu (SHIB) Gains 16% Following Bitso Listing

Shiba Inu shows signs of life amid positive developments following listing by Mexico’s leading crypto exchange Bitso. Nevertheless, SHIB enthusiasts should watch whether SHIB will keep the momentum or repeat actions seen after the Kraken listing. CoinDesk reports show Shiba Inu gained 16% today, Thursday. That comes after Bitso listing and Robinhood listing rumors. Indeed…

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Tron (TRX), VeChain (VET) Price Analysis – January 12

VeChain and Tron broke out of reversal patterns as Bitcoin’s 4hr RSI secured a close past the midline after hovering beneath the level for fourteen days. As VET reclaimed the critical level at $0.076, Tron crossed the short-term 20-Simple Moving Average obstacle. The broad market flashed bullish moves over the last day. However, more volumes…

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Axie Infinity (AXS): Bulls Should Step Up to Prevent 30% Drop

AXS plunged under a vital technical support zone. Axie Infinity might see another retracement, losing 16 – 30%. Expect recoveries back past $85 if the bulls gather for upside action. Axie Infinity (AXS) appears in a rough condition and accelerated downtrends at the start of this year. Market players seem not interested in the token…

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Ethereum Gas Fees Surge as NFT Marketplace Saw Massive Growth in 2022 First Week

Ethereum gas charges surge as NFTs saw tremendous growth in 2022’s first week. Non-fungible token projects on the Ethereum platform have reached nearly 250,000 transactions. A technical indicator shows that Ether bulls, contemplating reversing the underperformance period. Non-fungible tokens (NFTs) present continuous growth after tremendous upswings last year. The top NT market registered more than…

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Bitcoin Hashrate Drops 13% after Kazakhstan Internet Shutdown

Kazakhstan saw protests recently following increasing electricity costs. The nation’s leading telecommunications provider halted internet access. BTC mining hashrate declined by 13.4% after the internet shutdown. Reports indicate Kazakhstan saw an internet shutdown on 4 January after fuel protests. That disrupted communications in the country on 5 January. Though the nation’s reigning cabinet resigned, shutting…

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Cardano (ADA) Nears Stable Support, Providing Lucrative Buy Opportunity

ADA price has printed a bottom reversal formation, indicating a possible 14% hike. On-chain data confirms the potential surge, but ADA will hardly sustain the rally. Breaching the support floor at $1.20 will erase the bullish narrative. Cardano’s (ADA) price has created a bottom reversal setup, suggesting a potential trend shift. Bouncing off the closest…

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Bitcoin (BTC) Consolidates Under $48K – What Next?

BTC launched a consolidation phase inside the $48,500 – $48,000 resistance range. Bitcoin’s price wavers beneath $48,000 and 100-hourly Simple Moving Average. The hourly chart indicated an incoming connecting bearish trend-line with resistance at $47,600 (Kraken data feed). Failure to rise past the $48,000 obstacles might translate to colossal plummets. Bitcoin struggles to reclaim price…

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Binance Has Been Licensed In Canada, According To CZ

Binance CEO, Changpeng Zhao, took to Twitter to reveal that the company that they registered with Canadian authorities had been approved. The company named Binance Canada Capital Markets has been licensed to operate a list of financial services. The license gives the company rights to operate for the next 3 years. Binance is expanding its…

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Price Analysis for AMT, DMND, GAS, and more Cryptocurrencies

Among the newly-listed cryptocurrencies, it is Animaltycoon (AMT) that has demonstrated the worst performance since its debut. From the time of its debut, Animaltycoon has exhibited over 98% plummet in its value. As a result of the plummet, Animaltycoon’s price is now at $0.000002943 per AMT. The trading volume observed by Animaltycoon from the time…

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Polygon Network Reveals How It Almost Suffered A Crippling Loss On Its Network

Ethereum based Blockchain network, the Polygon protocol has revealed how it had secretly patched a system vulnerability that could have seen it lose all its MAFIC tokens for good. The one constant in the crypto Blockchain tech is system vulnerability and inherent bugs. All systems leveraging Blockchain networks are indeed vulnerable as it is one…

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Cornell University Professor Believes Bitcoin Will Not Be Around For Long

Eswar Prasad, a professor and author at Cornell, has disclosed that the primary cryptocurrency, Bitcoin, may not endure for long. The academic who authored a book on the digital asset revolution disclosed this in an interview with CNBC. Ever since it hit its current ATH in October, Bitcoin has been going through a bearish spell…

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United Kingdom Politicians Do Not Consider Crypto An Investment

The UK’s MPs (Members of Parliament) have requested the FCA (Financial Conduct Authority) to restrict the utilization of the terms “investment” and “invest” by crypto companies for promotional objectives. As per a report published on 9th December by The Times, it was informed by the treasury select committee’s MPs to Nikhil Rathi (the chief of…

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Before 2021 Fades Away Only a Miracle Can Put Bitcoin Back On ‘Plan B’s’ Path

Crypto market conditions may not be looking as sharp as they should be while the year is about to reach its eventual end. However, the chances of flipping the ordinary-looking conditions into ‘extra-ordinary’ ones need unusual circumstances such as a ‘miracle’. Bitcoin commenced this week with a price tag of US$ 51,000 plus while only…

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Value Surge Takes Over Stabelcoin Economy, More Than 50% Crypto Trades Involve Stablecoins

When the digital currency economy was declining from the second week of December 2021, the economy of Stablecoin was earning value gains which, as of now, has increased by more than 3.5%. Resultantly, the market cap of stablecoin has gone past US$ 167 Billion in total which makes up 6.5% of the entire crypto economy….

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Binance Lends Assistance to Dubai in Developing ‘Crypto Zone’

World Trade Centre in Dubai is going to host crypto within by transforming itself into a “Crypto Zone” – a place exclusively for cryptocurrencies and crypto service providers. For commencing the project, Dubai has sought assistance from known crypto exchanges and the first exchange which has assured its services for the completion of the project…

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El Salvador President Says Bitcoin Is The Fiat Killer

Nayib Bukele is making headlines once again. Unsurprisingly it is for recent remarks against his administration’s detractors concerning their Bitcoin stance. The leader who likes to call himself the CEO of El Salvador took to Twitter to make the bold claim that fiat currencies are finished. Details Of The Tweet The President explained that the…

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