This week, Ripple (XRP) bulls entered at the 200-day Simple Moving Average (SMA) at $0.98. As profit level, the green ascending trend line from the previous uptrend acted as resistance and saw profit-taking around $1.17. Bulls can add another week to this uptrend when price action in Ripple pops above the green ascending trend line.
Despite the massive swing in value on the Binance US exchange, Bitcoin’s value on other exchanges remained stable. There has been speculation on the exact cause of the spike, though Binance offered a short statement to Bloomberg explaining that one of its institutional traders was responsible.
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It is important to understand the nuances of cryptocurrency as an investment tool
The factors leading to SafeMoon’s adoption by institutions and companies primarily are based on the following fundamentals of the latest news that certify SafeMoon a good investment:
Cryptocurrency markets are decentralised, which means they are not issued or backed by a central authority such as a government. Instead, they run across a network of computers. However, cryptocurrencies can be bought and sold via exchanges and stored in ‘wallets’ .
PancakeSwap — Binance Smart Chain’s version of Ethereum’s Uniswap and SushiSwap — enables users to swap between crypto assets as well as generate crypto through yield farming or liquidity mining with their crypto holdings. The low gas fees on the Binance Smart Chain allow small scale investors to participate in yield farming. PancakeSwap’s TVL is currently US$8.9 billion compared to US$6.6 billion and US$4.4 billion for Ethereum’s Uniswap and SushiSwap respectively.
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Since the coin was launched less than four years ago, it has gained massively in terms of value. At the time of writing, the coin has increased its value in thousands of folds. The trend that Bitrise coin has followed has been almost the same as Safemoon, Shiba Inu, and other coins that have performed very well in the market.
Fury as long-established Birmingham woods felled 'without warning' in week of COP26 climate summit
Meanwhile, Cardano (ADA) prices are fluctuating around $2.14 (£1.56), XRP Ripple was down 9.89% at
ISTANBUL (AP) — A presidential decree published Saturday added cryptocurrency exchanges to a list of firms covered by Turkey’s terror financing and money laundering...
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Ethereum is in the midst of its Ethereum 2.0 transition from a “proof-of-work” to “proof-of-stake” protocol to make Ethereum more scalable, secure and sustainable. Earlier this month, Ethereum’s Berlin upgrade, which was meant to optimize the usage of gas fees and improve the security of the network, was successfully deployed. Its next network upgrade, named London, is scheduled to take place in July or August. The upgrade will incorporate the EIP-1559 on fee market change and is expected to improve the efficiency of Ethereum transaction fees.
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Explaining the digital assets designed to limit volatility but attracting regulators’ attention
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Andrea Edwards has worked in marketing and communications all over the globe for 20 years, and is now focused on her passion – writing. A gifted communicator, strategist, writer and avid blogger, Andrea is Managing Director of SAJE, a digital communications agency, and The Writers Shop – a regional collaboration between the best business writers in Asia Pacific Main navigation Economics