Monthly Archives: October 2020

Ocean V3 Brings Wave of Data Monetization Tools to Ethereum

A third and all-encompassing version of Ocean Protocol has been released, fleshing out its vision for “datatokens” and decentralized data marketplaces. Announced Tuesday, Ocean v3 brings the Ocean data market proposal to life with Ethereum-based datatokens, as well as a range of other features like initial data offerings (IDOs), staking, automated market making (AMM) functionality and the potential to share and monetize data smarts. The goal of the project is to democratize the value from… Source link

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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 27th, 2020

Ethereum Ethereum slid by 3.25% on Monday. Following on from a 1.48% fall on Sunday, Ethereum ended the day at $393.12. A bullish start to the day saw Ethereum rise to an early morning intraday high $411.7 before hitting reverse. Falling short of the first major resistance level at $415.24, Ethereum slid to a late afternoon intraday low $382.21. Ethereum fell through the first major support level at $400.30 and the second major support level at $394.14. Steering clear of sub-$380 levels, Ethereum… Source link

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XMR targeting $100 after seemingly forming a double top

XMR is trading at $131.54 after hitting a robust resistance level at $139. On the 12-hour chart, the price seems to have established a double top. XMR is up by 13% in the past five days and has confirmed uptrends on the daily chart and the 12-hour chart. Monero is currently ranked 14th by market capitalization, with $2.32 billion. Monero facing a potential rejection towards $100 On the 12-hour chart, the price of XMR got rejected at $139, forming what seems to be… Source link

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Market Wrap: Bitcoin Falls to $12.7K as Global Equities Falter; Ethereum Fees Continue to Drop

Bitcoin’s price fell Monday on larger macroeconomic concerns while lower Ethereum fees benefit hardcore DeFi users. Bitcoin (BTC) trading around $13,011 as of 20:00 UTC (4 p.m. ET). Slipping 0.33% over the previous 24 hours. Bitcoin’s 24-hour range: $12,773-$13,250 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Bitstamp since Oct. 24.Source: TradingView Bitcoin’s price was riding high Monday, going up to $13,250 on spot exchanges… Source link

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$250 Trillion in Assets Looking for Ideal Store of Value: A Bull Case for Bitcoin

The CEO of Nasdaq-listed billion-dollar company Microstrategy has made a strong bull case for bitcoin. He says there is a $250 trillion ocean of assets looking for the ideal store a value right now and bitcoin is a better store of value than gold or tech stocks, so “a lot of that monetary energy is going to flow from the asset ocean into the crypto pond.” Comparing Bitcoin to Investing Early in Apple, Google,… Source link

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Imploding Trump Pelosi COVID-19 deal leads to 3% Bitcoin price drop

The price of Bitcoin (BTC) dropped 3% in less than three hours as the U.S. stock market plummeted. Following the pullback, most traders are neutral or slightly bearish on the short-term trend of BTC. Traders and on-chain analysts are now pinpointing $12,500 and $11,973 as the two levels to watch for the continuation of the Bitcoin rally. BTC/USD. Source: TradingView.com Why $12.5K and $11.9K are crucial for the current Bitcoin rally The Bitcoin price dropped sharply on the day due to the… Source link

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He earned the most among the top 65 cryptocurrencies

Silhouette man holding up a gold trophy cup as a winner in a competition Litecoin (LTC) became the top earner of the top 65 cryptocurrencies last week, after growing by over 21.50%, according to CoinMarketCap. Thanks to this, the crypto currency rose to 8th place in the market and managed to surpass Polkadot (DOT). This was a move that came after a very positive week on behalf of cryptocurrencies, including PayPal’s announcement to support cryptocurrencies. Litecoin Becomes Market… Source link

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Don’t expect another 2017-style altseason as Ethereum continues slump vs. Bitcoin

While Bitcoin (BTC) is showing strength through new higher highs and making a new yearly high, Ethereum’s Ether (ETH) shows weakness, particularly the ETH/BTC pair. ETH weakness is also a clear indication that most altcoins are not showing strength either since they tend to reflect Ether’s performance.  The 0.03 sats level is a crucial barrier to hold ETH/BTC 1-day chart. Source: TradingView The daily chart of ETH/BTC shows a clear rejection at the 0.0325 sats level, through which a renewed… Source link

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Market is proving Bitcoin is ‘ultimate safe haven’ — Anthony Pompliano

Bitcoin (BTC) “could not be more uncorrelated” with the stock market, Anthony Pompliano says as data shows that BTC is leaving macro assets behind. In a series of tweets on Oct. 26, the Morgan Creek Digital co-founder, also known as “Pomp,” took critics to task over their accusations that Bitcoin was a poor store of value. Pomp on safe haven Bitcoin: “The market is proving it” Pompliano uploaded a chart from behavior analysis platform Santiment, which showed Bitcoin hitting 0 for… Source link

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