BTC/USD
COINGAPE | Published on 2022-12-01 | 33 mins ago
1

Cryptocurrency Price Today December 1 :  So far, this week has been a positive week for the crypto prices as most of the coins started trading in green after the FTX collapse crippled the market. Polygon witnessed a jump of 6.89% in the last 24 hours. Solana is up by 2.57%. Ethereum has risen by 1.18%. Bitcoin is up by 1.28%. Synthetix saw a rise of 3.66%. Dogecoin fell by 2.80%. Huobi Token takes a dip of 2.41%. The global crypto market cap stands at 859.86 billion USD, a 0.75 increase from the last day. The global market volume is also increased by 1.91% making it 47.18 billion USD. Polygon (MATIC) Polygon saw a boost of 6.89% from the previous day, and its crypto price today is 0.9203 USD. The market cap has increased by 6.37% and stands at 804.81 billion USD. Volume has increased by 95.90% and currently is 508.37 billion USD. Polygon Price in USD Chart Source: coinmarketcap Solana (SOL) Solana, which was trading in red yesterday, has made a comeback by an increase of 2.57%. Its token stands at 13.88 USD and the market cap is 504.92 billion USD, an increase of 2.03%. The trading volume has increased by 6.83%. Solana Price In USD Chart Source: coinmarketcap Ethereum (ETH) Ethereum has been continuing its good performance in the week by a jump of 1.18% and every token is at 1,281.32 USD. Currently, the market cap is 156.38 billion USD, an increase of 0.79% compared to the previous day. Ethereum Price In USD Chart Source: coinmarketcap Dogecoin (DOGE) Dogecoin, after seeing a good rise in the week has come down by 3.08% in the last 24 hours. Each coin is costing 0.1033 USD. Market cap has gone down by 3.08%, thus, standing at 137.53 billion USD. Dogecoin Price In USD Chart Source: coinmarketcap Conclusion The crypto prices have gone up this week after long weeks of sluggishness. As we move forward toward the end of the year, it will be interesting to see how the crypto market unfolds. The post Cryptocurrency Price Today December 1: Polygon, Solana, Ethereum Trades In Green, Dogecoin plunges by 3.08% appeared first on CoinGape.
Read full article on COINGAPE

There are no comments yet.
Authentication required

You must log in to post a comment.

Log in
NEWS BTC | Published on 2022-12-01 | 4 hours ago
2
NEWS BTC | Published on 2022-12-01 | 4 hours ago

After a period of sluggish price action, the price of Solana has finally made a significant recovery on the chart. In the last week, the coin has surged over 9%. Although SOL might be moving up slowly, from a technical standpoint, the altcoin has recovered and might stage a rally in the upcoming trading sessions. Buyers were gradually re-entering the market, indicating that SOL registered accumulation. However, capital inflows remained low. With consistent upward price action, capital inflow will also register a positive change. Now that SOL has made small gains each day, the next resistance mark for the coin stands at $15. If Solana’s price breaks past $15, the coin can rally to $18. Although the Solana price has shown signs of recovery, it is still too early to say if the coin has gotten out of the woods. One push from the bears will bring SOL down to its closest support level. Solana Price Analysis: One-Day Chart Solana was priced at $13.73 on the one-day chart | Source: SOLUSD on TradingView SOL was trading at $13.73 at the time of writing. At the moment, SOL was resting above the $13 support line. There needs to be support from buyers and the broader market for Solana to topple above the $14 price mark. The aforementioned price ceiling should not be too difficult to surpass, given that the altcoin has been trading quite close to that level. On the other hand, the first support for Solana’s price was $13. Failing to remain above that will bring the coin down to $10.50. The amount of Solana traded in the past session was green, depicting a bullish preference. Technical Analysis Solana registered increased buying strength on the one-day chart | Source: SOLUSD on TradingView SOL had witnessed quite the plunge in the month of November. The altcoin entered the oversold region twice this month. At press time, however, Solana had portrayed an increase in demand. The Relative Strength Index noted an uptick and inched closer to the 40-mark. This reading denoted a rise in accumulation. Solana’s price was also above the 20-Simple Moving Average line, which indicated bullishness and that buyers would drive the price momentum in the market. Solana displayed a fall in capital inflows on the one-day chart | Source: SOLUSD on TradingView In terms of institutional interest, SOL has registered mundane performance for months. Despite the chart’s recovery, SOL’s capital inflows have remained low, mostly due to the broader market’s weakness. The Chaikin Money Flow (CMF) indicated capital inflows and outflows. CMF was below the half-line, indicating that outflows were greater than inflows. The Awesome Oscillator (AO) displays the trend and price momentum. AO was positive with green signal bars, which were tied to the buy signal for the altcoin. This also suggested further gains for Solana investors. Featured image from Mudrex, Chart: TradingView.com
Read full article on NEWS BTC

There are no comments yet.
Authentication required

You must log in to post a comment.

Log in
COINGAPE | Published on 2022-11-30 | 11 hours ago
3
COINGAPE | Published on 2022-11-30 | 11 hours ago

Solana price prediction: the Solana coin price was one the most affected coin from the FTX crypto exchange collapse. The coin’s market value witnessed a sudden drop from $37.2 to $13 in early November. Following this fall, the price action went sideways, revealing a bullish reversal pattern. Key points The ongoing consolidation in Solana reveals an inverted head and shoulder pattern. The daily-RSI slope shows an evident divergence, bolstering price recovery The 24-hour trading volume in the Solana coin is $286. Million, indicating a 41% gain. Is Solana dead? The FTX crypto exchange was one of the prominent supporters of the Solana ecosystem and an early investor in Serum(DeFi platform on Solana). As a result, the FTX crash caused a huge sell-off in SOL price. Moreover, the weak market condition and the recent announcement from Binance to terminate strategy trading services for Serum(SRM) pairs only intensified the selling pressure on Solana. However, Solana is a highly scalable blockchain network that supports some of the successive DeFi projects. Moreover, the blockchain continues to carry out fast and cost-efficient transactions and can be a suitable platform for mainstream-oriented applications such as NFT, the crypto gaming sector, etc. Thus, is Solana dead? The answer is no. Having said that, the platform needs to resolve the outage issue, which has occurred multiple times this year. Price Analysis Source-Digitalcoinprice The Solana price has been walking a sideways path for over three weeks. During this consolidation, the price action has received significant support from the $13.3 and $11 marks which currently prevent the altcoin from further loss.       Moreover, the SOL price suggests the formation of an inverted head and shoulder pattern in the daily time frame chart. This bullish reversal pattern is often spotted at the market bottom and indicates a positive shift in market sentiment. By the press time, the Solana price traded at $13.5 and tried to sustain above the $13 support. If the buyers manage to hold the above-aforementioned support, the altcoin may rise 10% to hit the $15 neckline resistance. An upside breakout from the neckline barrier will release the trapped bullish momentum and lead to a directional price rally. This technical setup offers a potential target of the same distance from the lowest swing low to the neckline shot from the breakout point. Thus, completion of the inverted H&S pattern, the Solana coin price should to the $18 psychological mark. Conversely, a daily candlestick closing below $13 will offset the bullish thesis. Technical indicator RSI: the daily-RSI slope rising amid a sideways price action indicates the buying momentum is rising at lower levels. This bullish divergence supports the breakout from the $15 resistance. EMAs: the large gap between downsloping crucial EMAs(20,05, 100, and 200) accentuates an established downtrend. Solana price intraday level Spot price: $13.7 Trend: Bullish Volatility: Medium Resistance levels: $15 and $18. Support levels: $13 and $11.5 The post Solana Price Prediction: Is Solana Dead, or Is It Just Panic Selling? appeared first on CoinGape.
Read full article on COINGAPE

There are no comments yet.
Authentication required

You must log in to post a comment.

Log in
INVESTING.COM | Published on 2022-11-30 | 13 hours ago
4
There are no comments yet.
Authentication required

You must log in to post a comment.

Log in
CRYPTOGLOBE | Published on 2022-11-30 | 16 hours ago
5

On Tuesday (29 November 2022), Phantom, which is the most popular wallet for Solana, announced that it is adding support for Ethereum and Polygon. The Phantom team told their over 345K Twitter followers: “Phantom was actually founded with the intent of going multichain towards @ethereum , and we have been hard at work for months […]
Read full article on CRYPTOGLOBE

There are no comments yet.
Authentication required

You must log in to post a comment.

Log in
COINGAPE | Published on 2022-11-30 | 20 hours ago
6
COINGAPE | Published on 2022-11-30 | 20 hours ago

BlockFi, a US-based cryptocurrency lender, has applied for Chapter 11 bankruptcy protection as a result of a liquidity crisis brought on by its proximity to FTX. BlockFi did business with FTX by lending money to the cryptocurrency trading company Alameda and by holding cryptocurrencies on FTX’s platform. According to BlockFi, the company’s assets and liabilities ranging from USD 1 billion to USD 10 billion. Following the failure of FTX, the management team and board of directors immediately took action to protect clients and the business, according to BlockFi representatives quoted by fintechnews.ch. Additionally, the company acknowledged having a sizable exposure to FTX and related corporate entities but denied that the majority of its assets were invested in FTX. Blockfi officially filed for bankruptcy yesterday, almost 3 weeks after halting user withdrawals on November 11th. Their on-chain movements show most of their assets being sent to central wallets, with a high probability of many assets still being stuck on CEX's. Lets dive in: pic.twitter.com/Xqatw2IMdS — Arkham | Crypto Intelligence (@ArkhamIntel) November 30, 2022 BlockFi received USD 850 million in two funding rounds in 2021, in addition to a USD 400 million line of credit from FTX US in the summer of 2022. Customer withdrawals are still on hold as the company decides how to proceed. Additionally, customers were urged not to make any deposits into their accounts.   The top ten cryptocurrency losses following BlockFi’s bankruptcy Ethereum (ETH)-As another victim of the FTX exchange’s demise this month, U.S.-based cryptocurrency lender BlockFi declared bankruptcy overnight, according to CoinMarketCap. Ether dropped 2.2% during Asian trading to trade at US$1,169. Binance USD (BUSD)-This is corroborated by the fact that BlockFi’s bankruptcy caused Binance Global Inc., the biggest cryptocurrency exchange in the world, to experience a 5.2% decline in value to US$292.91 on CoinMarketCap. Litecoin (LTC)-The impact of BlockFi’s bankruptcy was also felt by Litecoin, which has been losing ground recently and is the biggest dropper among the top 10 cryptocurrencies, falling by 4.34% to US$74.92. Crypto experts are constantly analyzing the fluctuations of Litecoin. They predict that the average LTC price will be around $391.25. By the end of 2027, it might decrease to a minimum of $378.04 but still increase to $448.73. Bitcoin (BTC)- Bitcoin maintained crucial $16,000 support even during the FTX fallout and macro triggers in recent times. Bitcoin’s performance was unaffected even by fresh repercussions from the FTX debacle. A bankruptcy filing and a lawsuit from cryptocurrency lender BlockFi brought about Bitcoin’s demise, but they were not the cause. USD Coin (USDC)- As a result of BlockFi, USD Coin is currently down 0.02%. With a live market cap of USD 43,277,343,538 and a current CoinMarketCap ranking of 5, Uniswap (UNI)-UNI’s price dropped by 30% to about $25.60 over the course of the next few days before starting to rise steadily once more. However, BlockFi has an impact on this price change. Ripple (XRP)-Although Ripple (XRP) was down 14.89%, its 24-hour trading volume of $4,168,457,428 was up 168.14%. Dai (DAI) – It has recently decreased by 0.05%. As one of the businesses supporting Dai, it is asserted that BlockFi’s bankruptcy is the cause of the problem. Solana (SOL)- Since BlockFi filed for bankruptcy, the price of Solana (SOL) fell from $22.76 to $22.76 in the most recent trading session. Basic Attention Token (BAT)- Recently, it has been on the decline, dropping -26.49% over the previous 30 days. The price of Basic Attention Token has fallen by -34.13% over the past three months, indicating a bearish medium-term trend. This was anticipated in light of BlockFi’s bankruptcy.  BlockFi was compelled to act in a manner that it had previously resisted during the Voyager and Celsius meltdowns. BlockFi stopped accepting withdrawals from customers on November 11, the day FTX declared bankruptcy. Investors at companies like FTX, Voyager, and Celsius are currently in limbo without access to their money.   The post The impact of Blockfi’s Bankruptcy on The Top 10 Cryptocurrencies appeared first on CoinGape.
Read full article on COINGAPE

There are no comments yet.
Authentication required

You must log in to post a comment.

Log in
BITCOIN.COM | Published on 2022-11-30 | 21 hours ago
7
BITCOIN.COM | Published on 2022-11-30 | 21 hours ago

Game7, a blockchain gaming-focused DAO (decentralized autonomous organization) has announced the launch of a $100 million grants program. The objective of this grants program is to support the Web3 gaming community in these times of market downturn and to advance the adoption of blockchain gaming on several chains. Game7 to Support Blockchain Gaming With $100 Million Game7, a Web3 gaming-dedicated project which has already supported projects on different chains including Arbitrum, Polygon, Immutable X, and Solana, has announced the launch of a $100 million grants program to support Web3 gaming companies. The chain-agnostic project announced that the objective of this move is to offer support to these initiatives to push the Web3 gaming ecosystem forward even in unfavorable times for the crypto industry. The organization, which is a DAO supported by Bitdao and Forte, aims to distribute these funds over the next five years to the best projects presenting their initiatives. The grants will be distributed among five different areas, including technology, events, diversity, education, and research. On the direction of these funds, Game7 contributor Ronen Kirsh declared: Improving smart contract standards, tooling, interoperable wallets, and scaling solutions will be crucial on the path to global adoption of Web3 games. We have allocated 20% of our committed treasury to fund each of these crucial components so the gaming industry can focus on building sustainable game economies. Direction and Similar Web3 Programs The first sector to receive grants will be the tech area, which will focus on supporting teams preparing open-source development in certain key areas, including game development tooling, smart contracts and standards, core infrastructure, and community tooling. Game7 grants support goes beyond just economic assistance, as it includes access to tech support, mentoring, and early access to Game7 initiatives. Game7 believes in Web3 gaming as a force that can empower gamers and gaming companies alike, allowing them to benefit and grow together. This is according to John Allen, a representative of Bitdao, who stated: We believe this new model of games within a world where users and developers are aligned, has the potential to grant greater distribution of equity and ownership. Web3 gaming has been one of the few areas of the cryptocurrency world that have continued to grow even amid the economic woes the industry faces, according to a report issued in September by Dappradar. Companies and VC funds such as Griffin Gaming Partners, Forte, and A16z have launched millionaire funding initiatives for companies involved in these types of projects throughout 2022. What do you think about Game7’s $100 million Web3 gaming grants program? Tell us in the comments section below
Read full article on BITCOIN.COM

There are no comments yet.
Authentication required

You must log in to post a comment.

Log in
COINGAPE | Published on 2022-11-30 | 1 day ago
8

Crypto Prices Today: The crypto market has faced a tumultuous year, however, the crypto prices have been bouncing back for a couple of days. There was a major jump yesterday. The coins are still trading in the green, making optimistic predictions for the year-end. Huobi Token is up by 9.41% in the last 24 hours. Ethereum saw an increase of 5.40%. Dogecoin which got a pump of double-digit yesterday is up by 3.18%. XRP takes a jump of 2.69%. Bitcoin jumped by 2.58% and its current dominance in the market has risen by 0.15% compared to the previous day. Solana has seen a decrease from the previous day and is down by 0.88%. With an increase of 1.86% from the previous day, the crypto market stands at 852.17 billion USD. The market volume has decreased by 0.27% and is at 46.44 billion USD. Huobi Token (HT) Huobi Token has seen a jump of 9.41% and every token is currently costing 6.97 USD. Volume has increased by 45.97%. There is a leap of 9.32% in the market capitalization which stands at 107.99 billion USD. Huobi Token Price In USD Chart Source: coinmarketcap Ethereum (ETH) Ethereum has shown an improvement of 5.40% and the market cap stands at 155.38 billion USD. Each token is at 1,271.48 USD. There is an increase of 18.19% in the volume. Ethereum Price In USD Chart Source: coinmarketcap Dogecoin (DOGE) Dogecoin is trading with every token costing 0.1066 USD, an increase of 3.18% in the last 24 hours. Market cap has also escalated by 3.18% and is standing at 141.87 billion USD. Volume has decreased by 2.37%. Dogecoin Price In USD Chart Source: coinmarketcap Solana (SOL) Solana is trading at 13.60 USD which is a decrease of 0.88% of its crypto price from the previous day. The market cap has fallen by 0.96% and stands at 494.24 billion USD. Volume is down by 19.05%. Solana Price In USD Chart Source: coinmarketcap Conclusion With the ongoing positivity in the the crypto prices, it is likely that the crypto investors will end this year on a happy note. There was nothing much for the crypto crowd this Thanksgiving, however, it looks the market will take a turn. The post Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip appeared first on CoinGape.
Read full article on COINGAPE

There are no comments yet.
Authentication required

You must log in to post a comment.

Log in
NEWS BTC | Published on 2022-11-30 | 1 day ago
9

The Solana ecosphere, unsurprisingly, is also suffering as a result of the current market contagion. SOL fell to its lowest performance in recent weeks. CoinGecko reports that its native token SOL has dropped in value by 58.3 percent over the course of a month. Here’s a quick glance at how the token has been performing: SOL experiencing high volatility and low return on investment An ascending triangle with a hint of a bearish break is noted SOL NFT will be released in the third quarter. As a result, the risk and volatility of SOL are not showing signs of any improvement just yet and has in fact grown to 259 percent combined. Right now, according to Messari, SOL has a volatility of 2.08, which is its all-time high in that category, and a Sharpe’s ratio of -3.67. When the value of the latter is negative, it indicates that the return on investment (ROI) from purchasing and holding SOL is so low that doing so could result in a loss. Despite this, the coin’s value has been rising on a daily and weekly basis. Even though market sentiment is very negative, SOL’s market cap domination is increasing. Is SOL showing signs of improvement? Solana Glow Fading? SOL is currently in a weak position. Previous price moves lead to the construction of a rising triangle, which is a bearish pattern. With a Pearson’s R value of 0.7235 for the regression channel, greater suffering may be anticipated. At $13.97, which is the middle band of the Bollinger band, the coin was rejected. The Bollinger band appears to be approaching its breaking point. This would inevitably drive the price down below SOL’s current support level of $13.10. With a bearish crossover, RSI values also confirm the upcoming decline. In addition to confirming the present price trend, the money flow index gives the bears further strength. The EMA ribbon is also bearish as it prevents further upward movement. With SOL’s volatility and Sharpe’s ratio at all-time highs, a move below $13.10 and a possible short-term break of the 78.60 Fib level is possible. Bearish But Yet Acceptable Despite extremely negative market conditions, SOL’s NFT market domination and market capitalization have increased. As of this writing, SOL’s market cap has decreased from yesterday’s 0.62 percent to today’s 0.61 percent, but this is still a positive sign for the future. Despite this, investors and traders should be cautious with SOL and monitor the market condition. Currently, a short position at the current market price would generate profits for investors and traders. SOL total market cap at $4.9 billion on the daily chart | Featured image from Business 2 Community, Chart: TradingView.com
Read full article on NEWS BTC

There are no comments yet.
Authentication required

You must log in to post a comment.

Log in
NEWS BTC | Published on 2022-11-30 | 1 day ago
10

The Solana ecosphere, unsurprisingly, is also suffering as a result of the current market contagion. SOL fell to its lowest performance in recent weeks. CoinGecko reports that its native token SOL has dropped in value by 58.3 percent over the course of a month. Here’s a quick glance at how the token has been performing: SOL experiencing high volatility and low return on investment An ascending triangle with a hint of a bearish break is noted SOL NFT will be released in the third quarter. As a result, the risk and volatility of SOL are not showing signs of any improvement just yet and has in fact grown to 259 percent combined. Right now, according to Messari, SOL has a volatility of 2.08, which is its all-time high in that category, and a Sharpe’s ratio of -3.67. When the value of the latter is negative, it indicates that the return on investment (ROI) from purchasing and holding SOL is so low that doing so could result in a loss. Despite this, the coin’s value has been rising on a daily and weekly basis. Even though market sentiment is very negative, SOL’s market cap domination is increasing. Is SOL showing signs of improvement? Solana Glow Fading? SOL is currently in a weak position. Previous price moves lead to the construction of a rising triangle, which is a bearish pattern. With a Pearson’s R value of 0.7235 for the regression channel, greater suffering may be anticipated. At $13.97, which is the middle band of the Bollinger band, the coin was rejected. The Bollinger band appears to be approaching its breaking point. This would inevitably drive the price down below SOL’s current support level of $13.10. With a bearish crossover, RSI values also confirm the upcoming decline. In addition to confirming the present price trend, the money flow index gives the bears further strength. The EMA ribbon is also bearish as it prevents further upward movement. With SOL’s volatility and Sharpe’s ratio at all-time highs, a move below $13.10 and a possible short-term break of the 78.60 Fib level is possible. Bearish But Yet Acceptable Despite extremely negative market conditions, SOL’s NFT market domination and market capitalization have increased. As of this writing, SOL’s market cap has decreased from yesterday’s 0.62 percent to today’s 0.61 percent, but this is still a positive sign for the future. Despite this, investors and traders should be cautious with SOL and monitor the market condition. Currently, a short position at the current market price would generate profits for investors and traders. SOL total market cap at $4.9 billion on the daily chart | Featured image from Business 2 Community, Chart: TradingView.com
Read full article on NEWS BTC

There are no comments yet.
Authentication required

You must log in to post a comment.

Log in