Monero receives a weak long-term technical score of 27 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. XMR currently holds a superior long-term technical analysis… Source link

It’s fair to say that Ethereum‘s (ETH -5.82%) highly anticipated Merge — whereby the cryptocurrency migrated from the resources-draining proof-of-work mining protocol to the more efficient proof of stake — went fairly smoothly. The engineers nailed the process, but investors aren’t exactly celebrating right now. The world’s second-most-valuable crypto initially sold off following the Merge. An investment losing value after a widely expected bullish event isn’t a surprise…. Source link

Monero Classic receives a high risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk. … Source link

Bitcoin (BTC) exchanges have seen huge volumes this month as price declines lead to renewed interest in trading. Data from sources including on-chain analytics firm Glassnode shows exchange inflows hitting their highest since March 2020. “The scent of volatility is in the air” On Sept. 14, over 236,000 BTC made its way to the 1 major exchanges tracked by Glassnode. This was the largest single-day spike since the chaos that surrounded Bitcoin’s dip to just $3,600 in March 2020. Bitcoin total… Source link

Litecoin might be covered by Chinese property law, according to China’s top court, Beijing Number One Intermediate People’s Court. A Chinese court has ruled that residents may trade cryptocurrencies but may not use them as a cash alternative in a legal case concerning Litecoin. A court in Beijing has found that Litecoin is protected by Chinese property law. #Litecoin $LTChttps://t.co/yjuZpltKWp pic.twitter.com/VDZYo9eHoY — Litecoin (@litecoin) September 15, 2022 The judgment was made by… Source link

While Bitcoin (BTC -1.77%) is still the No. 1 cryptocurrency in the world as measured by market capitalization, there are plenty of reasons to think other cryptocurrencies could eventually surpass it. Before this year’s crypto market retreat, the conventional wisdom was that Bitcoin was a hedge against inflation and a long-term store of value. Some even called it “digital gold.” But those assumptions are now very much in doubt. So which cryptos could might displace Bitcoin at… Source link

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The successful merge carried out by the Ethereum network this week hasn’t staved off the effects of crypto’s ongoing bear market, with Ethereum’s price down around 8% in the past 24 hours. Ethereum, the second largest cryptocurrency by market cap, is currently trading hands around $1,460, down 8.2% over the past 24 hours, according to CoinMarketCap. Over the past seven days, Ethereum shed more than 14% of its value, tumbling from $1,740.88 on Wednesday to as low as $1,448.95 in the early… Source link

The crypto industry is full of ambitious projects, all trying to make it to the top and provide users with a lot of profit. Litecoin (LTC) gathered a strong community by providing a lighter and faster alternative to Bitcoin (BTC). Decentraland (MANA) is another cryptocurrency that has done very well and has become the top metaverse in the industry. Big Eyes Coin (BIG) is new in the market, and it wants to take a top spot in the industry. BUY BIG EYES COIN NOW! Big Eyes… Source link

Bitcoin (BTC) attempted to violate local lows on Sep. 16 as the latest cross-crypto downtrend intensified. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView No relief for BTC bulls post Merge Data from Cointelegraph Markets Pro and TradingView showed BTC/USD approaching $19,600 at the time of writing, with buyer support just avoiding a further drop. The level had remained in place as an intraday floor as the Ethereum Merge concluded, only to spark a sell-off, which took Ether (