Is it too soon to expect Monero to breach $300

Monero’s price hiked by 85% on the charts in the 34-day period from 21 July to 24 August. In fact, XMR’s price tumbled briefly before picking up the pace in the first week of September again. The altcoin, however, was unable to shield itself from the broader market downtrend in September and ended up dipping to a level as low as $212. So far, October has been quite good for the crypto. In fact, the last couple of days have been characterized by consecutive green candles on the price… Source link

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Are Crypto Payments Going Mainstream With AMC News?

October 6th 2021 new story AMC announced in August that it would for the first time accept Bitcoin as payment. AMC’s CEO Adam Aron tweeted: “Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. This was followed by news that moviegoers could also pay for tickets online with Bitcoin, Litecoin, and Bitcoin Cash. While Bitcoin’s price has risen by more than 50 million percent since its… Source link

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Cryptocurrency prices today: Bitcoin crosses $50,000 after sharp rally, Ether up nearly 3%

Prices of several cryptocurrencies rose on Wednesday including Bitcoin and Ether. Check the latest cryptocurrency prices and trends. Bitcoin price has crossed $50,000 after a strong rally over the past 24 hours. (Photo: Reuters) Cryptocurrency prices rose sharply on Wednesday after rebounding for the past couple of days, indicating that the virtual coin market is gradually gaining momentum. Bitcoin, the world’s largest cryptocurrency, hit a four-week high earlier in the day and was trading… Source link

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LTC bulls target $190 next

Litecoin price is faced with tough headwinds as the bulls hope to conquer $190. The 200 four-hour SMA has acted as stiff resistance for LTC since mid-September. Only a break above $174.50 would see Litecoin price tag the upper boundary of the governing technical pattern. Litecoin price has one last obstacle in its path before it can aim higher at $190. The strength of the resistance ahead may hinder a potential LTC rally if the altcoin fails to slice above a key… Source link

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Ethereum is positioning itself for a strong bullish breakout – FXStreet

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not… Source link

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Market Wrap: Bitcoin at $51K as the Bulls Return – CoinDesk

Additionally, short-term holders, or those who purchased BTC within the last 155 days, are recovering previous losses. “As a larger portion of the market returns to profit, it creates incentives for some investors to take profits,” Glassnode wrote. Some BTC investors could also decide to hold long positions for continued upside this year. Source link

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Bitcoin prices top $50,000 for the first time in four weeks

Although there was no specific catalyst driving bitcoin’s recent surge, digital asset investment firm CoinShares notes investors have been plowing money into cryptocurrencies for the past seven weeks. “We believe this decisive turnaround in sentiment is due to growing confidence in the asset class amongst investors,” CoinShares said in a report Monday. That increased confidence has pushed bitcoin to rally almost 20% in the past week. Other top cryptocurrencies, including ethereum, binance,… Source link

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Ethereum Layer 2 Promising 100x Gas Cuts Live by November

Key Takeaways StarkNet is set to go live in November. StarkNet is a Layer 2 solution built to scale Ethereum and reduce gas fees. As a ZK-Rollup solution, StarkNet will improve on pain points in existing Optimistic Rollup Layer 2s. Share this article StarkNet, an Ethereum Layer 2 scaling solution utilizing Zero-Knowledge Rollups, is set to launch in November. Testing shows a 100x to 200x reduction of gas fees for end users. StarkNet Set to Scale Ethereum The competition for… Source link

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