Ethereum is slowly moving higher above the $1,320 level against the US Dollar. ETH could gain pace above the $1,350 and $1,400 resistance levels. Ethereum remained strong above the $1,265 support zone and started a decent increase. The price is now trading above $1,320 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $1,315 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish… Source link

Two of the biggest cryptocurrencies that rank just below Bitcoin are homophones of sorts. For quite some time, Ether (ETH) and Tether (USDT) became a cause for confusion for early cryptocurrency enthusiasts. Tether, however, is not only spelled differently and is an independent project but it is also not a typical cryptocurrency like Bitcoin or Ether. USDT’s value must always match with that of the US dollar due to the 1:1 peg, which makes it a stablecoin. Another question that many ask… Source link

Ethereum price displayed a recovery on its one-day chart. In the past 24 hours, the coin rose by 3%, which has now shifted the altcoin’s support level to a new one. The Altcoin is still not out of the woods as the bears continue to dominate. Buyers are still less in number as compared to sellers, which is a sign of bearishness. If the Ethereum price continues to maintain its upward movement, an influx of buying strength can be witnessed on the 24 hour… Source link

When looking at the overall market cap, Litecoin has consistently ranked third for a long time. The existence of this cryptocurrency dates back more than nine years, and for the most part, it has been profitable throughout that time. Its market capitalization still ranks it in the top 30 among all cryptocurrencies. However, the decline of Litecoin has recently been the subject of much discussion. Popular tokens either have close ties to well-known brands, provide several valuable… Source link

When looking at the overall market cap, Litecoin has consistently ranked third for a long time. The existence of this cryptocurrency dates back more than nine years, and for the most part, it has been profitable throughout that time. Its market capitalization still ranks it in the top 30 among all cryptocurrencies. However, the decline of Litecoin has recently been the subject of much discussion. Popular tokens either have close ties to well-known brands, provide several valuable… Source link

Monero (XMR) has been relatively less volatile when compared to other cryptocurrencies. So far Monday, the Digital Money has gained 0.95% to $144.36. InvestorsObserver is giving Monero a 23 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero! Low Volatility InvestorsObserver gives Monero a low volatility rank of 23, placing it in the bottom 23% of cryptos on the market. The Volatility Gauge… Source link

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Right now, anyone who staked ether as part of the validator process on the Beacon Chain has not been able to withdraw their stake or their rewards directly. Instead, anyone hoping to access those funds has had to rely on liquidity tokens representing their assets. Source link

Back in September, David Schwartz, the Chief Technology Officer (CTO) of Ripple and one of the original architects of the XRP Ledger, presented his thoughts on an Ethereum Virtual Machine (EVM) sidechain. His idea was to enable the execution of Ethereum smart contracts on the XRP Ledger (XRPL) and thus lower the entry barriers for developers. Today, the XRPL ecosystem is one step closer to achieving this goal. As reported by Mayukha Vadari of RippleX Developers,… Source link

Illustration: Gabriella Turrisi/Axios Bitcoin as a safe haven against inflation, once accepted wisdom for crypto proponents, is proving questionable. Why it matters: In the face of persistently high consumer price index prints, the world’s largest and oldest digital asset has crumpled, eroding investor confidence that it can act as a safe haven during times of market turmoil. State of play: Bitcoin has a sufficient history now to offer a dataset to be parsed and mined for patterns, giving way… Source link