Crypto Push

​​With a 100% rally behind it, is it time for AVAX to finally stop Avalanche has been an up-and-coming chain since last year. Although this year wasn’t particularly favorable for a hike on the charts, Avalanche still managed to retain its position in the DeFi market and is also seemingly strengthening itself in the NFT market. The NFT Avalanche Over the past month, Avalanche gained on both the DeFi front, as well as the investment front. Recently, after the launch of Avalanche’s new NFT marketplace JoePegs, the trading volumes of these non-fungible tokens began rising. In fact, throughout the month of July, NFT sales maintained a high. Starting 1 July, the sales first rose to $117k and averaged at $80k over the next 20 days. In doing so, it marked spikes every now and then on the charts. At its highest, over $179k worth of NFTs were sold through Avalanche NFT marketplaces. As of this month, the average volume has been sitting at $30k. JoePegs’ arrival has been met with acclaim from investors and artists alike. So much so that within a month, it became the biggest NFT marketplace on the blockchain, with higher trades than any other marketplace. This, in return, has had a positive impact on AVAX. Following the same, AVAX joined an exclusive club of a few cryptocurrencies that have risen by more than 100%. Rising from its lows of $15, the altcoin rallied by 100.77% in the span of almost two months to trade at $30, at the time of writing. Interestingly, it hiked by 30% in the last six days alone. However, by the looks of it, AVAX only has a few more days worth of rally left in the tank as the cryptocurrency seemed overbought. The hype surrounding it created FOMO for the altcoin, one resulting in a possible trend reversal over the next couple of days. The same was underlined by the Relative Strength Index (RSI) too. This could affect the bullishness being seen in investors. This resulted in over 19 million transactions last month and over 8.5 million in the previous week alone. If the current conditions persist, by the end of the month, Avalanche could record about 34 million transactions. Alas, the chances may be pretty bleak, especially since the market will need to cool down.

​​Exploring MATIC’s long-term potential post Ethereum ‘Merge’ Ethereum’s Merge date is days away and the countdown has many people wondering about the fate of layer-2 scaling solutions. You may have noticed Ethereum-associated cryptocurrencies and tokens such as MATIC are up substantially in the last few weeks. However, the move to proof of stake will solve some of the scalability issues associated with Ethereum, thus the curiosity about the future of L2s. Polygon is one of the layer-2 solutions whose future might be at stake due to the Merge. However, that will most likely not be the case. Here’s why Although one of Polygon’s benefits is the rapid transaction count which is miles ahead of the Ethereum mainnet. Even so, Polygon also provides significantly lower fees. Congestion and high ETH prices are the main reasons for expensive mainnet fees. ETH’s price has gone up ahead of the Merge and will likely continue rallying. This means the transition to the PoS (Proof of Stake) consensus mechanism will do little to lower gas fees. Polygon and other layer-2 solutions will continue operating to provide lower fees, hence MATIC will still be in demand. Nevertheless, there is more to Polygon than meets the eye. Partnerships with major enterprises such as Disney and Mercedes Benz are just the tip of the proverbial iceberg. Polygon plans to become the bridge for the transfer of liquidity from traditional finance to crypto. These developments might trigger an exponential increase in the demand for MATIC. Thus, aiding its long-term price action. MATIC’s price action MATIC was up by 163% at press time on 4 August, from its bottom in June. It has been ascending within a support and resistance range, which is currently approaching the support line. MATIC’s price action was headed upwards towards the end of last week. However, its price action saw a significant pullback which kicked off at the end of July. This is consistent with sudden and heavy outflows from the supply held by top addresses. Those outflows were arguably due to panic selling courtesy of the selling pressure in the last three days and thanks to MATIC’s vesting schedule. There was also a sharp spike in MATIC’s active addresses in the last 24 hours of 4 August. This is likely due to the return of investors who previously cashed out in anticipation of the sell pressure from the vesting schedule. Investors are now buying in lower, now that the vesting has already taken place. Even the top addresses have increased their balances in the last two days. The quick re-accumulation just days later suggests that investors expect MATIC to continue rallying ahead of the merge. Although MATIC currently looks bullish, investors should consider future vesting schedules which may suppress the price as more tokens are released into the market.

​​Exploring MATIC’s long-term potential post Ethereum ‘Merge’ Ethereum’s Merge date is days away and the countdown has many people wondering about the fate of layer-2 scaling solutions. You may have noticed Ethereum-associated cryptocurrencies and tokens such as MATIC are up substantially in the last few weeks. However, the move to proof of stake will solve some of the scalability issues associated with Ethereum, thus the curiosity about the future of L2s. Polygon is one of the layer-2 solutions whose future might be at stake due to the Merge. However, that will most likely not be the case. Here’s why Although one of Polygon’s benefits is the rapid transaction count which is miles ahead of the Ethereum mainnet. Even so, Polygon also provides significantly lower fees. Congestion and high ETH prices are the main reasons for expensive mainnet fees. ETH’s price has gone up ahead of the Merge and will likely continue rallying. This means the transition to the PoS (Proof of Stake) consensus mechanism will do little to lower gas fees. Polygon and other layer-2 solutions will continue operating to provide lower fees, hence MATIC will still be in demand. Nevertheless, there is more to Polygon than meets the eye. Partnerships with major enterprises such as Disney and Mercedes Benz are just the tip of the proverbial iceberg. Polygon plans to become the bridge for the transfer of liquidity from traditional finance to crypto. These developments might trigger an exponential increase in the demand for MATIC. Thus, aiding its long-term price action. MATIC’s price action MATIC was up by 163% at press time on 4 August, from its bottom in June. It has been ascending within a support and resistance range, which is currently approaching the support line. MATIC’s price action was headed upwards towards the end of last week. However, its price action saw a significant pullback which kicked off at the end of July. This is consistent with sudden and heavy outflows from the supply held by top addresses. Those outflows were arguably due to panic selling courtesy of the selling pressure in the last three days and thanks to MATIC’s vesting schedule. There was also a sharp spike in MATIC’s active addresses in the last 24 hours of 4 August. This is likely due to the return of investors who previously cashed out in anticipation of the sell pressure from the vesting schedule. Investors are now buying in lower, now that the vesting has already taken place. Even the top addresses have increased their balances in the last two days. The quick re-accumulation just days later suggests that investors expect MATIC to continue rallying ahead of the merge. Although MATIC currently looks bullish, investors should consider future vesting schedules which may suppress the price as more tokens are released into the market.

Greetings from the GAGARIN NEWS Team🙌🏻🤘🏻👊🏻 We are happy to announce our 🔥 GIVEAWAY 🔥, where you have a FANTASTIC chance to WIN a valuable PRIZE by simply reading about crypto on our media platform ⏩⏩⏬ Win 🏆rewards🏆 by simply reading Gagarin News! 🚀WE OFFER 10 PRIZE-WINNING PLACES 500 $USDT EACH🚀 ⬇️Check out the rules below⬇️ https://bit.ly/3zu33bG That’s all you have to do 💁🏻‍♀️💁🏽💁🏼‍♂️ (easy-peasy)🤭 GAGARIN NEWS is a news platform that aims to popularize the new era of cryptocurrencies and blockchain technology which will soon irreversibly transform the world🌍 Best of Luck☘️ And stay tuned🖖🏻 #Gagarinnews #giveaway #crypto

🤑Best new upcoming crypto, IBAT raises 1,000 BNB & hits softcap in under 1 week! 🕹Join the gaming revolution with Battle Infinity, a multiple P2E NFT gaming platform designed for creators and gamers. PRESALE INFO: 💸Presale price $0.0015 (no vesting period) 💰 Minimum purchase 0.1 BNB 🤑 Maximum purchase 500 BNB 💵 Connect your wallet at: supaflysafe.co/box_4ab570c285807349c8b4b5c4ee9c5d75 💲 Presale started 11 July 2022 🗓 Less than 70 days left & selling out fast 🔗IBAT runs on the Binance Smart Chain ⚔️Battle Infinity: Buy, sell, play games, advertise, monetize, trade! 🔗Join the presale: https://supaflysafe.co/box_624948a7808776f36742fd01cbb83cbb 👉🏼Follow them on Instagram: https://supaflysafe.co/box_bc2bd88ca29268e55e87a4b1bd834e9c

​​Should Filecoin investors give up on ‘buy experience, not things’ attitude Filecoin has ramped up gains in the past few days after the news of a high-profile partnership broke out. In a tweet released on 27 July, Filecoin Foundation confirmed details to support Harvard’s Library Innovation Lab (LIL). The news led to a meteoric rise of the FIL token as social activity gained pace. Consequently, FIL surged up to 80% in the past week with the support of social and market activity. At its peak, FIL reached as high as $9.8 on 31 July but has since crashed down to $7.97. Filing the returns The LIL will explore how decentralized and open web technologies can advance the discovery and preservation of human knowledge. Marta Belcher, President of the Filecoin Foundation for the Decentralized Web (FFDW), in the announcement said, “FFDW’s mission is to preserve humanity’s most important information. This collaboration will allow the Library Innovation Lab to explore how decentralized technologies can solve real-world challenges to preserving critical data, and we are excited to support the Library’s Democratizing Open Knowledge program.” This update ramped up activity for Filecoin as it channeled through a general upturn in market sentiment. According to Lunar Crush, Filecoin hit the “#1 AltRank out of the top 3,824 coins across the market with a strong weekly 101 average rank” albeit briefly. Interestingly, social mentions increased up to 2.5K while social engagements also showed growth as it pumped up to 13.86 million. The social dominance of the token also looked up. The metric reached its highest point on 26 July at 2.62% when the price rise was about to take off. The Filecoin’s surge raised a few eyebrows but this appears to be a “fake pump” and the token is not expected to carry the momentum any further. It has been apparent in the subsequent 25% dip on 2 August. In fact, the volume decreased by a staggering 42% in the meantime. Can FIL still surprise investors as the overall market undergoes a relief rally? Well, only time can answer.

​​What ETH whales loading up $3.54m SHIB could mean for investors The latest crypto market seems to have had a bit of relief, having stayed in red for a while. However, not all cryptocurrencies in the top 50 market cap have recovered. Meme token, Shiba Inu SHIB posted some gains. However, at the time of writing, the altcoin favored the red. Additionally, the selling pressure across the entire crypto market was not over. So what could have triggered a possible recovery for SHIB? Whales in charge According to Whalestats, Ethereum ETH whales have been buying SHIB. The volume purchased over the last 24 hours of 27 July was as high as $3.54 million, amounting to 334 billion SHIB tokens. These were accumulated in two massive transactions. An Ethereum whale named “Gimli” initially bought 187 million SHIB tokens. About one hour later, Whalestats reported that another ETH whale named “Bluewhale 0195” bought another 147 million SHIB. Since the announcement, SHIB has continued to gain momentum. It recorded a 1.36% uptick as of 27 July, surpassing many other cryptocurrencies’ growth. Expected run or big surprise? The gains posted by SHIB may have come as a surprise or were justified by whale action. Based on the price analysis, SHIB should not have gone up on uptick despite an increased burn rate. The chart given below revealed that its previous levels did not predict a bullish move. According to the chart, the Awesome Oscillator (AO) was on the verge of falling below equilibrium, indicating that SHIB was to follow a bearish move. Similarly, the On-Balance-Volume (OBV) showed that SHIB was supposed to move sideways. With this analysis, the whale pump into the SHIB ecosystem could have affected the price uptick. Before we conclude that they played a part, let’s see what other metrics suggest. Santiment data showed that SHIB had not necessarily had a significant volume increase. The one-day circulation also decreased— from 3.32 trillion to 996.17 billion. Certainly, while supply had gone up. However, the possibilities of a strong rally might be slim due to these metrics. Besides the whale accumulation, Shiba Inu has also secured a partnership with Shopping io, the crypto-based eCommerce payment software. The CEO confirmed this development in a tweet. Even with the partnership, the possibility of a SHIB rally looks low. However, wherever SHIB goes next might determine if the metrics were accurate.

​​Solana reaches new milestone- Is it time for investors to go long Amid crypto market bearish turmoil, Solana’s active validator count has reached an impressive figure of 1,875 recently. This goes on to show how this blockchain is far more secured and decentralized than others in the crypto industry. What’s more impressive is that Solana touched a count of 1,000 active validators just over a year ago. This means that Solana now has the most active validators among all proof-of-stake blockchains besides Ethereum, which has 8,417 nodes and 409k validators. Interestingly, the validator count on Solana has increased massively since the launch of the mainnet beta. However, there is a pressing concern among Solana validators in their geo-diversity. Almost half of the validators are located in the U.S. and Germany. According to a blog on Messari, “If too many validators are concentrated in the same places, the health of a blockchain becomes reliant on the regulatory regimes of those countries.” Another important aspect of a healthy blockchain is the distribution of staked tokens among those validators. In comes the “Nakamoto coefficient” which is defined as the smallest number of validators who cumulatively stake 33% of the network’s staked tokens. A higher coefficient value would mean a higher distribution of staked tokens. Hence, this represents a higher degree of decentralization. Solana has a Nakamoto coefficient value of 27 which is higher than most blockchains besides Polkadot. But in hindsight, Polkadot has only 15% as many validators as Solana. There’s more in the house That being said, Solana co-founder tweeted about the launch of the Testnet v1.10.32 on 26 July. Users have been visibly excited about this launch as it continues to fix bugs on the network which has seen multiple outages recently. Nevertheless, the Solana network has managed to perform well in the past quarter. Despite both internal and external headwinds, Solana’s network received major upticks in many areas. It has even managed to retain loyal users over the period in review here. Now, you might ask- what can we expect now for Solana? The health of the network has been a major criticism in terms of network outages. But recent server improvements can signal an upturn in fortunes for this Ethereum-killer.

​➡️ Sharing with you the new p2e game Thunder Lands Players kill monsters, level up with NFT and earn money in the process ⚔️ You have 2 options to make money: 1) Put the project's NFT into steaking or make money through the game 2) If you are ready to play, we advise you to use autofarm Through staking everything is easier, you get a percentage of the value of the NFT, stable and simple. Set it up and go about your business. ▪️By the way, recently they had an INO. Gave away a lot of gaming artefacts, in their social media there is always a chance to get NFT for free. The release itself came out hot, a lot of people got into the project, especially when they released the mobile version🔥 Rarely when developers allow farming in the games from your phone. We recommend everyone to read about, the project is growing, you can make a few X's at the start _____________ ❗️🎁 Especially for our subscribers, we gift 100 NFT for promocode "CRYPTOPUSH" Follow the link, join the new Metaverse and start earn money ➡️ CLICK

​​Cardano traders can expect this firework in coming week Cardano has had a difficult journey in 2022. Despite showcasing strong development fundamentals, ADA’s price failed to reciprocate the same. This has been one of the reasons why ADA didn’t see a massive demand from investors in the recent rally. However, this scenario might change soon as traders could expect some fireworks as the network continues its campaign of growth. Lighting up the sky At press time, Cardano was up by more than 13% within a week and 25% in ten days as it surpassed the $0.5 mark on CoinMarketCap. Meanwhile, long-term investors and bullish traders seem to have returned to this emerging network. Look at the average funding rates story narrated below. Here, funding rates represent payments to traders who are long (or short) on ADA. Positive rates indicate strength among buyers wishing to go long (bullish), while negative rates indicate greater strength among short position traders (bearish). As it stands, ADA showed positive funding rates as shorts got liquidated. In addition to this, volume witnessed a sharp uptick on Santiment. Indeed, this was a sign that investors/traders have strengthened their faith. Such highs, regardless of investors’ strength, lead to or rather paint an overall bullish picture. Furthermore, the latest weekly report from Cardano’s developer Input Output Global (IOG) shed further light on this uptick. The number of projects building on Cardano increased to 1,040 by 22 July, a new all-time high. It was up from 943 just two months ago. Moreover, the number of Non-fungible Token projects running on the Cardano blockchain surged to over 6,300, while the number of native tokens issued on the Cardano blockchain was up to 5.5 million. Moreover, the Cardano community continued its African campaign despite the bear market. Adaverse, Cardano’s ecosystem accelerator, participated in the seed funding round for Afriguild, which is an African blockchain gaming guild and decentralized autonomous organization (DAO). Zooming out, ADA looked strong as highlighted by different analysts. But, there’s still a resistance wall.

​​Dogecoin traders in conflict of HODLing or selling should read this There was once a time when Dogecoin was all the rage, making headlines left, right, and center in 2021. A time when there was so much hype about it that even billionaires got roped in. However, its hype has since died down and its meme coin status might not aid much in its recovery. Anyone interested in Dogecoin might be curious to know what Dogecoin has going for it that will help it recover to previous highs. Dogecoin’s woes started when Tesla CEO Elon Musk described it as a hustle during a Saturday Night Live show. It’s been a downhill trend since then and the bear market made things worse. The meme coin managed to achieve some bullish recovery in the last four weeks after bottoming out in mid-June. It recovered by more than 50% from its latest 2022 low of $0.049 in June to $0.076 on 20 July. However, it pulled back just shy of a key Fibonacci retracement line. Nevertheless, Dogecoin’s latest rally is a sign that it still has a strong community. In addition, it has managed to maintain the top spot as the biggest meme coin by market cap and that has to count for something. It had a $9.1 billion market cap at press time, which is better than most of the top cryptocurrencies that have robust utility within their networks. Healthy puppies DOGE has a lot more going for it. For example, whales have been gradually accumulating it in the last 30 days. There were some outflows in the addresses with the most significant balances between 17 and 19 July. However, those addresses are once again accumulating Dogecoin. This means the newest selling pressure might be limited. That being said, DOGE also happens to be one of the cryptocurrencies with a strong social presence. Its social dominance metric has been quite active in the last 30 days and especially in the last 24 hours at press time. This is likely due to the announcement of some network upgrades. Of course, the upgrade goes hand in hand with the strong development activity that Dogecoin registered in the last few days. Healthy development activity resulting in a network upgrade is perhaps one of the best signs of a solid focus on future growth. A strong community is the icing on the proverbial cake.

👾KunciCoin Ecosystem🕹 #1 Biggest Project in Indonesia 🇮🇩 We Will be listed on Bybit and Gate io. Targetting 100 World Exchange🔥 ✅ Asia’s Hidden Gem 💎 ✅ Listed in 24 Top Exchanges ✅ $8-10 Millions Trading Volume/Day ✅ Game Studio with 20Million Downloads ✅ Licensed payment gateway ✅ 70+ companies in conventional business chain ready to integrate ✅ 6 months old (since listed on PancakeSwap in 16 February 2022) ✅ Developing AAA rate Games KUNCI is the only Token in the world integrated with the Physical offices and Physical utilities like Theme parks Hotels apart from Virtual assets like NFT MARKET PLACE ,KUNCISCAN ,KUNCI GAMES Apart from that we have world's top singers like Bandifanseventeen and world's top comedian MONGOLISME promoting his works through our NFT MARKET PLACE and a lot of companies associated with us For more details Buy Kunci here: bit.ly/GetYourKunci Join Kunci global group https://t.me/kunciglobalofficial Twitter https://twitter.com/Kuncicoinglobal?t=g27U5qkkpNdh5R3jVSBIsw&s=09

​​Australian Central Bank bats for private solution to cryptos if… According to Phillip Lowe, Governor of the Australian Central Bank, a private solution for cryptocurrencies “is going to be superior.” That is, as long as risks are reduced by regulations. Lowe expressed these opinions at a recent G20 finance summit in Indonesia. During the same, officials from various countries reportedly spoke about the effects of stablecoins and DeFi on international financial institutions. Recent stablecoin dangers can be mainly attributed to de-pegging occurrences. The value of the entire Terra Classic ecosystem dropped in May when the Terra USD stablecoin UST, now known as Terra Classic USD, lost its peg. Technology better in the hands of the private sector Strict rules or even state support, according to Lowe, could help reduce hazards to the general population. Although the government would be in charge of the regulations, Lowe pointed out that the private sector would be best suited to develop the technology. According to him, private businesses “innovate” the best characteristics for cryptocurrencies “better than the central bank.” He said, “If these tokens are going to be used widely by the community, they are going to need to be backed by the state or regulated just as we regulate bank deposits.” So-called central bank digital currencies (CBDCs), which can be either retail tokens used directly by customers or wholesale tokens used by banks in the financial system, are being developed by numerous central banks throughout the world. This is in part a reaction to the emergence of so-called stablecoins, privately-issued tokens like Tether and USDC, whose value is tied to that of a traditional asset, frequently the U.S. dollar. These are typically used as stores of value and for payment purposes. In a statement to the U.S. Commerce Department, the National Association of Federally-Insured Credit Unions echoed Lowe’s concerns about the high expenses of deploying a digital token at central banks. China, the European Union, and the Bahamas are presently developing or testing CBDC. Needless to say, they do not share that perspective on the costs of such systems at central banks. Stronger regulatory system may be needed To develop a strong enough regulatory system for such tokens, Lowe and other panelists agreed that more work should be done. A further examination of stablecoins, according to HKMA CEO Eddie Yue, might also come in handy.

​​The A-to-Z of Celsius filing for bankruptcy after closing off all debts Crypto lending platform Celsius has created many headlines across the crypto space over the past two months. In the latest development, Celsius closed off the last of its DeFi debts that it owed Compound, Aave, and Maker. 0° Celsius Celsius Network further went ahead and officially filed for Chapter 11 bankruptcy. On 14 July, the company announced that it has initiated the said bankruptcy proceedings in the Southern District Court of New York. This decision to file for bankruptcy was made to provide the best opportunity to stabilize the business. Further, the decision was also made to consummate a comprehensive restructuring transaction that maximizes value for all stakeholders. And, to eventually emerge from Chapter 11 and position itself for success in the crypto industry. In the United States, Chapter 11 allows a business that has no capacity to pay its debts to restructure while continuing operations. “This is the right decision for our community and company,” said Alex Mashinsky, Co-Founder and CEO of Celsius. He further stated, “We have a strong and experienced team in place to lead Celsius through this process. I am confident that when we look back at the history of Celsius, we will see this as a defining moment, where acting with resolve and confidence served the community and strengthened the future of the company.” Furthermore, the cryptocurrency lending company has $167 million available in cash. This will support certain operations during the restructuring process of the organization. Needless to say, it will also support the companies affected by crypto’s downturn. Well, at press time, CEL shed more than 20% in the 24-hour window as it traded at around the $0.64 mark. Tuff times for Celsius On 12 July, the Vermont Department of Financial Regulation issued a cautionary update contending that Celsius Network lacked the necessary assets and liquidity to pay back its creditors. The DFR also joined a multi-state investigation for the same, asserting that Celsius is “likely insolvent.” The update was sent out mainly due to the platform being “engaged in an unregistered securities offering by cryptocurrency interest accounts to retail investors.” State securities regulators in Alabama, Kentucky, New Jersey, Texas, and Washington also investigated Celsius’s decision to suspend customer redemptions.

​​Enjin [ENJ] holders might see another ATH after 27…. The changing sentiment of the crypto market is making investors anxious about their crypto portfolios. A turn in the positive direction isn’t certain. But there is a fair chance that the market won’t take a turn for the worse either. And here, the question is, can EnjinENJ actually benefit from it? Enjin needs fuel In order to rise up the price charts, ENJ needs to gain support from the broader market. This can happen only when the persisting fear vanishes and investors gain confidence. At the time of writing, according to the Crypto Fear and Greed index, the market was still in extreme fear. The consistent drawdowns and crashes over the past three months have resulted in the present situation. The selling pressure and extreme fear among investors are making it difficult for cryptos to rally. Thus, pushing them further away from their tops. At the time of writing, ENJ was 88.86% down from its all-time high (ATH) of $4.99. And, with ENJ trading at a press time price of $0.499, a rise back to the former level will take a while. On a rough estimation, it could take 275 days for ENJ to reach its all-time high. Well, that is exactly how long it took ENJ to mark its highest point when it was trading at $0.499 in March 2021. Notably, the altcoin experienced the crash of May last year. Currently, there are no definite signs of a consistent rally either. In fact, at the time of writing, the Parabolic SAR was indicating the beginning of a downtrend, having lost 10.28% in the last 24 hours. Well, this can have an impact on the investors as most of them are looking for an exit in the wake of the rising bearishness as observed on the velocity chart. The metric highlights the rate at which the asset changes hands, and at press time, that rate declined to its lowest in almost 17 months. The ones to take the biggest hit from further depreciation will be the 2.08k investors who accumulated ENJ at its peak last year. Thus, if the existing trend does not change, ENJ investors should expect the suggested timeline until the next ATH.

​​Why XRP traders must be wary of these levels before placing their bets XRP saw a solid devaluation like most of its peer altcoins following the market-wide liquidations. XRP steadily declined while flipping the three-month trendline resistance to support (yellow, dashed). Meanwhile, the buyers struggled to break out of the chains of the 38.2% Fibonacci level in the daily timeframe. But the close above the 20 EMA has reflected a recent uptick in buying pressure. A close above or below the $0.33 zone would be vital to make the most out of XRP’s future movements. At press time, XRP traded at $0.3381. XRP Daily Chart The price action marked a strong rejection at the 38.2% Fibonacci resistance. Should the current candlestick close below the $0.34-level, XRP would witness a bearish hammer on the chart. A below the 20 EMA could help the sellers pull XRP to retest the $0.3096-zone in the coming sessions. The alt could continue its sluggish phase near this area. On the flip side, an immediate recovery would help the buyers test the 50% level in the $0.36-region. The buyers must wait for a compelling close above the immediate resistance before placing calls. The Relative Strength Index (RSI) displayed a rather neutral bias at the time of writing. A sustained position below the midline would help the sellers take charge of the near-term trend. Furthermore, the Accumulation/Distribution (A/D) line saw a bearish divergence with price over the last few days. This reading entailed the possibility of a distribution phase. XRP 4-hour Chart On a rather shorter timeframe, XRP saw an up-channel oscillation that saw a recovery barrier near the 61.8% Fibonacci resistance. As a result, this reversal provoked an evening star candlestick setup on the chart whilst the sellers try to break below the pattern. An inability of the buyers to propel breakdown could delay the short-term bearish efforts. Conclusion XRP’s reversal from the 38.2% resistance on the daily timeframe could provoke a rebounding opportunity for the sellers. Also, the bearish divergence on the A/D would further heighten these chances. The targets would remain the same as above. However, keeping an eye on Bitcoin’s movement and the broader sentiment would be important to determine the chances of a bearish invalidation.

​​With Tron [TRX] steady, investors should know that… The TRON Blockchain TRX has made tremendous progress since its launch. Housing over 100,000,000 accounts, the network has witnessed a transaction count of 3,481,985,024. According to data from blockchain analytics platform, Coin98, the TRON Blockchain ranked second on the list of top 10 blockchains. The blockchain had a total locked volume (TVL) of 3,917,8181, 257 with the highest TVL in the first half of 2022 besides the Ethereum chain. Currently ranked at #13 on CoinMarketCap’s list of crypto assets with the largest market capitalization, TRX, the network’s native coin stood at a market capitalization of $6.35 billion. In light of the growth of the TRON Network in the last six months, how did its native, TRX fare? Steady growth in price TRON started the trading year with an index price of $0.075. Already on a downward trend, the cryptocurrency market bloodbath of April made it worse as the price per token touched a low of $0.05. Within the first few weeks in May, the bulls initiated a price rally that saw the coin mark a spot at $0.08. A bearish correction soon followed this. Finally, the bulls were able to take over and the token closed May at a high of $0.081. After touching a high of $0.088 on 1 June, the price per TRON coin took on a steady decline, and the coin ended the first half of the year with a price of $0.068. Over the six-month period, the coin registered a 9% drop in its price. Furthermore, in the first half of the year, the coin’s market capitalization witnessed a decline from $7.77 billion to $5.85 billion. On-chain data in the last six months As per data from Santiment, the total supply of TRX coins held by whales over the six-month period saw a gradual decline. Standing at 44 at the end of June, a 21% drop was logged during the period. On the developmental front, TRX was able to register a 40% uptick within the period under review. Furthermore, on a social front, the token hit several lows and highs during the year’s first half. The coin logged a 32% decline in its social dominance within that period. Similarly, its social volume saw a 46% decline in the year’s first half.

​​MATIC- Attack on network component but exchange outflows high, here’s why Polygon’s MATIC token concluded the month of June with a 30% bearish correction. The token has kicked off July with the same bearish energy and may potentially seek more downside due to a network attack. The Polygon network’s latest update on 1 July revealed that its public RPC gateway offered by Ankr experienced a DNS hijack. The attack reportedly compromised control over some services on the Polygon network. One of the latest updates confirmed that the Polygon PoS network was not affected by the attack. Network attacks or downtime have historically had a negative impact on a network’s native cryptocurrency. That being said, MATIC may be due for more downside if the same premise holds true. MATIC’s long-term price action has been trading within a falling wedge pattern. However, its latest rally which started on 19 June kicked off before the price interacted with its support level. A closer look at its price action reveals that the rally started after the Relative Strength Index (RSI) dipped into oversold territory. However, the Money Flow Index (MFI) stood just below neutral 50 headed upwards hinting towards some accumulation of the token. The latest retracement started after an 80% uptick. MATIC still has some ground to cover before reaching the oversold territory once again. Can the bulls reclaim their dominance? MATIC’s exchange flows reveal an interesting observation in the last two days. Exchange inflows peaked at 1.52 million on 30 June while exchange outflows on the same day peaked at 10.27 million. Exchange inflows on 1 July stood at 2.23 million while exchange outflows during the same trading session were at 10.99 million. This means the exchange outflows outweighed the inflows in the last two days. The higher exchange outflows align with observations of reduced sell-offs from address balances. Supply distribution by the balance on addresses points toward the likelihood of a bullish uptick as addresses with large balances start buying. For example, addresses holding between one million and 10 million MATIC coins increased their balances from 9.48% ton 30 June to 9.68% at press time. Furthermore, addresses holding between 100,000 MATIC and one million MATIC dropped from 1.84% on 30 June to 1.79% on 2 July. Addresses with more than 10 million coins dropped from 86% to 85.82% during the same period. This explains why there is still some selling pressure despite higher exchange outflows than inflows. The slight uptick in some address balances also reflects the overall uptick recorded by the supply held by top addresses metric in the last five days. The probability of MATIC’s bullish recovery is further supported by the strong network growth that the Polygon network achieved in the last 30 days.

We can help you to start earning with cryptocurrency! 🔝 About us - We own huge assets and telegram channel with growing number of users. We can count more than 30 000 users in our channel! 🤔 How to start earning with us? - We will share with you Pump signals (source of your earnings) - Help you to learn more anout cryptocurrency - Our admins and supports will help you will all your questions You can check reviews or write in chat where people can share their experience 🤗 This all you can find in our telegram channel ➡️ @TOP_pumps

​Tokenizing a living, breathing being You’d be surprised to learn that beekeeping is part of the livestock niche, just like cow breeding. APIZ is the very first project in the world aiming to tokenize a living bee and leverage virtual apiaries based on an existing beekeeping business. The price of a single bee on the market is $0.01. It brings an annual profit of $0.017. Yet, our beekeeping business managed to bring that figure to $0.025 per year. We’re certain we’ll bring it to $0.15 per bee in annual revenue in a mere decade. We’ll combine our agricultural findings, breeding techniques, IT innovations, and blockchain to achieve the desired results. One bee will equate to a single APIZ token. A single hive comprises 50K bees, and we’ll create a network of 1 million hives by the end of the decade-long run. It means 50 billion tokens. 70% of all investments will be redirected into our offline business development, which allows us to assure that they will not be affected by any outside factors. The other 30% will be invested in crypto development. Our ambitious project takes crypto to the next level, and we want you to join us! Get more info about us: https://apiz.digital/en https://ganeapi.com/ https://t.me/ApizDigital