CryptoAddicted

VeChain (VET) 📊 *PART 1* Vechain price is in preparation for an 80% gain from the current price as VET pursues the measured move target of a multi-year cup-with-handle base at $0.377. VeChain price requires time and speculators need patience History repeats itself, and it is valuable to learn to use historical precedents in investing or trading. One of the precedent patterns, made famous by William J. O’Neil, is the cup-with-handle pattern. It can develop as a primary base, as in the case of VET, but more frequently as a continuation pattern following a definite price uptrend. In most cases, the bottom part of the cup is rounded, allowing the stock time to complete a necessary correction, with a couple of shakeouts along the lows of the cup. The cup area is critical because it liquidates the weak holders and shifts the attention of speculators away from the financial instrument. With weak holders gone, there is a solid foundation to build the right side of the base, and finally, the handle.

Filecoin (FIL) Launches Free Decentralized Storage Solution for NFT Markets Released Tuesday, NFT.Storage, a decentralized file storing system, will allow developers and collectors to ‘protect their non-fungible token (NFT) assets.’ According to the statement, the platform lets developers and NFT holders store their assets on the Inter-Planetary File System (IPFS) via Filecoin to ensure NFTs last for the long term. The solution is a service created by Filecoin and backed by Protocol Labs and Pinata to provide unique solutions to the NFT marketplace. Additionally, users can also store metadata associated with the NFTs individually in an effort to keep NFTs ‘accessible in the long-term’, the report further states.

Altcoins just repeated a move that could launch them 27,000% higher The altcoin market cap has flipped its previous cycle high to support — and the last time that happened, it gained 27,623% in a year. Altcoins have delivered huge gains this year, but if they repeat their 2017 moves, hodlers may be looking at an insane 27,000% moonshot. According to popular trader Rekt Capital, those are the potential combined returns for altcoin investors if history repeats itself this year.

LINK Breaks Out and Attains New All-Time High ($47.73) ChainLink (LINK) has been moving upwards since April 18. It proceeded to reach a new all-time high (ATH) price on May 5. LINK is expected to continue increasing towards a new all-time high. While a short-term rejection could occur, the token is not likely to decrease below the $42.70 area.

Dash (DASH) 📊 On 4h chart, DASH/USD remains under bullish pressure and it's trying to continue higher back to highs for wave (5), ideally within a new five-wave cycle, where waves 4 and 5 are still missing. So, it can ideally stop somewhere in the 400-500 area and from where we should be aware of deeper, higher degree corrective decline - 🤑 Lifetime 10% discount on all trading fees: https://accounts.binance.com/en/register?ref=BR4RANXX

Ripple Partner Bitso Becomes First Crypto Unicorn in Latin America Forbes has reported that Mexico-based digital exchange Bitso, which received an investment from the Ripple giant back in October 2019, has turned into the first crypto unicorn in Latin America. Now, the market capitalization of the exchange has surpassed $2.2 billion after it secured $250 million in a Series C investment round.

Uniswap v3 Comes Out Tomorrow. The decentralized exchange is introducing features that make liquidity go further and lower trading risk. In brief: • Uniswap version 3 adds concentrated liquidity, better oracles, and new fee tiers. • The decentralized exchange is competing with trading protocols such as SushiSwap and PancakeSwap for users. (More information: https://decrypt.co/69920/uniswap-v3-comes-tomorrow-heres-what-expect)

Grayscale Becomes Cryptocurrency Partner of New York Giants 🏈💰 New York Giants have become the first National Football League to form a cryptocurrency partnership. They have just announced their tie-up with crypto money manager Grayscale in its May 5 press release. Grayscale will act as a presenting sponsor for the Giants Foundation's annual golf outing that gathers coaches and players for raising awareness and funds. Since its creation in 1993, the foundation has been assisting in various charitable cases throughout the New York metropolitan area. It will also be Giant's presenting home game sponsor and a supporting sponsor of the team's training camp.

Stellar (XLM) 📊 *Stellar eyes 10% rally to set up another swing high* XLM price shows extreme resilience as it tagged the demand zone extending from $0.474 to $0.503. A quick bounce from this level could set the stage for a subsequent swing high near $0.588. The bullish outlook will face invalidation upon the breakdown of the support level at $0.470. - 🤑 Lifetime 10% discount on all trading fees: https://accounts.binance.com/en/register?ref=BR4RANXX

**New York Bill Could Ban Crypto Mining for 3 years over harm to Carbon Footprint** The 6486 New York Senate Bill was introduced by the chairman of the Committee on Energy and Telecommunications, Kevin Parker. It was also heavily supported by Democrat senators, including Rachel May of the Legislation Commission on Rural Resources. The bill has not yet gained substantial grounds in the Senate, but it is being led by Democrats, who have dominance in the Senate and the lower house. The New York Bill proposes the regulation of crypto mining activities in the state. This focuses on slowing the environmental damage of crypto mining that significantly harms the carbon footprint. The bill also seeks to demand more compliance from crypto mining centers. The centers will have to undergo a review to evaluate the damage of their mining activities to the environment. If a center is non-compliant with the climate change targets in New York, the facility would be banned from crypto mining. 🤯🤯🤯

**Ripple makes another statement of intent with a high-profile appointment** Just recently, Ripple has welcomed two new persons to its leadership team. The company announced that it has appointed Kristina Campbell as its Chief Financial Officer and Gumataotao Rios, US 43rd treasurer, as a member of its board of directors. Rio served under President Barack Obama’s administration from 2009 to 2016. Rios has three decades of unmatched expertise and experience in investment management and public policy Ripple. Most of her career has been on real estate finance, urban revitalization, and economic development. During her time as U.S. Treasurer, she supervised all currency production activities. The Treasury at the time had an annual budget of $5 billion and almost 4,000 employees under her directives The other appointment, Kristina Campbell, was previously with fintech company GeenDot. Ripple says she will be joining the company to “accelerate growth and deliver value to shareholders.” (https://bit.ly/3nLP7Cw)

Litecoin (LTC) Price Could Reach a New High of $500 According to CoinMarketCap data, Litecoin price is surging drastically towards a new high of $500. Currently it’s at $331. In fact, Litecoin’s upward surge in price looks somewhat promising in the entire crypto market. About the current Litecoin (LTC) bullish surge, crypto analyst Lark Davis also shared a tweet saying that “Litecoin is finally taking off!”. In reply to this tweet, the Twitter crypto community responded happily to the current LTC price surge. Hence, most seem excited about the fact that LTC seems to be going bullish. Furthermore, in terms of digital asset ranking, LTC is currently at number 10 in the crypto space. Looking at its present price, LTC could do a lot more in the coming days. ⁉️What do you think?

Solana (SOL) 📊 Solana saw buying at both $21 and $30 as the buyers pushed it towards the $50-mark. However, the last few days noted choppy movement and the price oscillated between $40-50. Maintaining the lower range would be bullish over the short-medium term as this would allow for a breakout above $50. OBV showed periods of selling pressure followed by buying pressure as the index showed erratic movement. Awesome Oscillator moved towards the half-line as momentum sided with the bearish side. This was not a worrying sign just yet but as retreated earlier, support at $40 must be defended to avoid a bearish outcome.

Aave (AAVE) 📊 Since a rally in early February, several pullbacks have been observed in the Aave market. These pullbacks have been maintained by a strong support region present around $308. This area has proven to be a strong base for buying activity, and the most recent rally lay testament to that fact. However, resistance at $537 has also limited gains for AAVE. On the daily timeframe, a red candlestick appeared as the rally closed in on this upper ceiling. According to Squeeze Momentum Indicator, the market highlighted a squeeze release, and this indicated rising volatility. A pickup in the 24-hour trading volume was a positive sign and all eyes would be on the $537 barrier over the next few days. In case of a breakout, levels to look out for include $580 and $660. RSI traded below 60 but still maintained a bullish territory.

Terra (LUNA) 📊 Since a pullback during the last week of March, Terra has struggled to break above $19.5. Selling has been around this point on multiple occasions and while the candlesticks did rise above their 200-SMA, bullish sentiment was not enough for a sharp surge in the market. At the time of writing, the price was supported by the 200-SMA and the hourly timeframe showed a steady rise. However, muted trading volumes meant that a breakout above $19.5 was not yet a possibility. RSI pointed north from the neutral zone but a rise towards the upper region was unlikely. Meanwhile, CMF showed a strong correlation with price. A rise above the half-line and healthy capital inflows was a plus moving forward.

SpaceX’s Musk helps Dogecoin rocket to .69$ Dogecoin has rocketed an astonishing 57% in value in 24 hours ahead of Elon Musk’s guest hosting of Saturday Night Live. The SpaceX and Tesla entrepreneur is a famous backer of DOGE. After hinting that he will promote DOGE on SNL, analysts say his promotion of the coin is driving up its value. Originally created as a joke – and based on a meme – DOGE now has a market capitalisation of $88.5 billion, having added more than $30bn in 24 hours and climbed 160% in value in a week. ❗️Do you invest in Dogecoin?

📉Securities and cryptocurrency markets fell sharply after the statement by the US Treasury Secretary. Financial markets are down. The fall affects both securities and cryptocurrencies. The likely catalyst for the movement is the words of US Treasury Secretary Janet Yellen about a possible increase in interest rates. “We may have to raise rates a little to keep our economy from overheating,” she said to CNBC. “Although the additional spending is relatively small in the size of the economy, it could cause some very modest rise in interest rates. But these are investments that our economy needs to be competitive and productive. I think this will help our economy grow faster.”

Tron (TRX) 📊 Tron was rejected at $0.136 but found support at $0.123. Even considering losses made over the last 24 hours, the expectation was for a bullish breakout above $0.136 in the coming days. The on-chain metrics reflected a fairly balanced market and some sideways movement could take place before the northbound push. RSI pointed north from neutral-50, while MACD line moved slightly below the Signal line. Meanwhile, $0.123 must be observed as a move below this point could lead to further losses towards $0.101.

PanCakeSwap (CAKE) 📊 Buyers lapped up PancakeSwap around the $22-mark and drove the price all the way towards a new all-time high at $44. After a pullback, buyers once again stepped in at $37 but were unable to push CAKE to a fresher ATH. At the time of writing, CAKE hovered around the $40-mark and was supported by the 50-SMA (blue) on the 4-hour timeframe. RSI showed choppy movement and traded back and forth around the neutral zone. Awesome Oscillator threatened to fall below the half-line, but this could be countered swiftly by the bulls considering the most recent rally. In the event of a breakdown below $37, another support area lay at $34, but this was yet to establish itself as a reliable defensive line.