XRP Jumps as Bullish ‘Golden Cross’ Pattern Appears in Price Chart
XRP, the digital token used in Ripple Labs’ payments network, was outperforming bitcoin and other major cryptocurrencies on Tuesday, with a longer-duration technical indicator flashing a bullish signal.
The token’s price was around 48 cents at press time, up 9% on a 24-hour basis, based on CoinDesk 20 data. Other prominent cryptocurrencies such as bitcoin, ether, chainlink and litecoin were nursing moderate losses.
XRP’s 50-week moving average crossed above the 100-week moving average (MA) earlier this month, confirming a pattern known in price charts as a “golden crossover” – a long-term bullish indicator.
Traders and chart-reading analysts often see the golden cross as a sign of a definitive uptrend. As such, the latest cross may attract stronger buying pressure from trend-following traders, leading to continued price gains.
XRP’s weekly chart shows major resistance at 80 cents. The area has capped gains multiple times since September 2018.
Double Ace launches crypto super-wallet that pays up to 14% APY on assets
Double Ace (DAA) is a Fintech company that utilises the power of blockchain, AI, and Big Data to provide instant online financial services to individuals. The service DAA provides encompasses consumer finance, personal credit, micro loan, crypto loan, and more. DAA has introduced its all-in-one super App called Ace Wallet, which allows users to deposit cryptocurrencies to receive interest much like that of bank deposits, but with a way higher interest rate. DAA is able to provide its depositors with cryptocurrency interest due to their arbitrage trading desk, which is…02/18/2021
Crypto Long & Short: Bitcoin’s Relationship With Gold Is More Complicated Than It Looks
Earlier this week, JPMorgan published a global markets strategy note that points out that money has flowed out of gold and into bitcoin since October, and predicts that this trend will continue over the medium to longer term. The easy conclusion is that investors are finally understanding that bitcoin (BTC, -0.62%) is a superior future store of value to gold, and are rotating out of one and into the other. I’m not convinced that’s what we’re seeing. I agree with the analysts, though, that inflows into bitcoin will continue to increase, but not because investors are changing…12/14/2020
Bitcoin Could Hit $115K by August, Pantera’s Morehead Writes
“Bitcoin is now ahead of our April 2020 forecast schedule – to hit $115K this summer,” wrote Dan Morehead, CEO and co-chief investment officer at Pantera Capital, a blockchain hedge fund, in an emailed newsletter. The Pantera prediction is based on the stock-to-flow model – an analytical framework that values an asset’s price based on its annual issuance schedule. The model measures the scarcity of bitcoin (BTC), which is governed by the underlying network programming coded into the blockchain’s design when it was launched 12 years ago. Under that plan, the number of…03/16/2021
What is the Universal Basic Asset（UBA Finance）
Universal Basic Asset (UBA Finance) has attracted a lot of user attention, so is it worth your time? There are nearly 10,000 people mining online for free every day. How much profit can he bring you? In the cryptocurrency industry, people get rich every day, and people get huge airdrops every day, just because they pay attention to some projects in advance and spend some time understanding and participating in them. Universal Basic Asset (UBA Finance) has recently been adopted by more and more users Mention, so what is he,…03/03/2023
The First NFT issued by the Li-Ning “Way of Wade” Designer , Achieved Final Transaction Price of USD$174,458 ,Drives New Trends of Sports NFT
Designer of the Li-Ning “Way of Wade” created NFT (Wizard Shop in ESSENCE), Had an Auction on Poly International Auction with the Final Transaction Price of RMB 1,127,000(USD$174,458) at Sep 26. The Surrealistic NFT Work of the Magic World under the “Essence” Series, released by Designer of the Li-Ning “Way of Wade” Big Joe, has successfully completed the NFT debut at Poly Auction and achieved great success, drives new trend of sports NFT. It is worth mentioning that the NFT work titled Wizard Shop in ESSENCE displayed at the Poly auction…10/12/2021
Money Reimagined: Letter to President Biden
President Biden needs to reform the global financial system and avoid a 1930s-style depression. Digital currencies can help. Welcome to this week’s Money Reimagined, coming to you two days into a new U.S. presidency. Already, with various executive orders and a host of cabinet and agency nominee names emerging, President Joe Biden has fostered the palpable sense of a slate being cleaned. As for what it means for crypto, the turnover in the White House gave Sheila Warren and me reason to invite Kristin Smith of the Blockchain Association and…01/23/2021
Axie Infinity’s single-day revenue broke tens of millions! Why do I prefer the new Dragon Mainland
According to Token Terminal data of data statistics company: Axie Infinity’s one-day revenue was $18.48 million, its monthly revenue was $334 million, and its market value reached $4 billion within 3 months. Its ecological token AXS also rose 46 times in just 3 months, from about 2 USDT in June to the highest 94.8 USDT. Axie Infinity is taking the spotlight. According to the latest data from Coingecko, AXS is currently worth around 66 USDT and is still going up. The popularity of AXIE has undoubtedly opened up a good traffic portal for the game…09/28/2021
Opportunities and Challenges of Amazon Cross-border E-Commerce Development in the Context of the Epidemic
In 2020-2021, the new crown epidemic broke out one after another around the world, and in order to prevent the spread of the epidemic, many governments have issued home quarantine measures. This outbreak suppressed offline consumer demand in the global market, but at the same time also prompted further release of online consumer demand, making online shopping the mainstream shopping method and ushering in a new development opportunity for cross-border e-commerce. At the same time, affected by the global financial crisis, many countries in the entry and exit, logistics, customs…01/12/2022
Industry Special! CoinW announces free BTC transaction fees
“Difficult tasks are tackled from where it is easy, and great undertakings have small beginnings”, from the Tao-te Ching, chapter 63. On July 5, 2022, CoinW announced to its global users that BTC transactions fee are free. It is reported that CoinW is the first leading exchange in the world to announce free BTC transaction fee. As we all know, as the world’s most emerging industry, the fintech sector brings together the world’s best talent. And exchanges are one of the most lucrative business models in the fintech industry, and for…07/07/2022
Dubbed the Next Unicorn, zkTube Launches its Mainnet
zkTube is the most advanced scaling solution on Ethereum Layer 2. It has adopted ZK-Rollups that run computations off-chain and submit the validity proof to chain to provide low gas fees, higher transaction throughput for Ethereum, mainnet security, and extra privacy. It has gathered a lot of attention from over 80 countries since its launch in 2020. And the mainnet will be launched on 10th, September, 2021. zkTube Mining Mechanism is Launched zkTube team is continuously working and achieving several milestones. The zkTube mining mechanism has launched. zkTube is the only…09/08/2021