The metaverse is a simulated virtual world in which users can share their experiences and interact in real time. The metaverse has exploded in popularity across all industries in just a decade. It began in the movie business, but it is now flourishing. There are no signs that the hype surrounding the metaverse, and particularly
The post Year Ender: Top 5 Popular Metaverse Games in 2022 appeared first on CoinGape.
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Crypto Investors Maintain Optimism Towards 2023 Despite The 60% Decline In BTC Price This YearContinue reading on Medium »
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Solana’s value has plunged by over 70% in the span of eight weeks and there is a strong reason for people to feel unfavorable about this…Continue reading on Medium »
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A high-level introduction to the next generation of cloud infrastructure.Continue reading on Medium »
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Avalanche is a decentralized network for fast, secure, and scalable blockchain transactions. It was developed by a team led by its founder…Continue reading on Medium »
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Bitcoin price is slowly moving lower from the $17,000 resistance. BTC could continue to move down towards the $16,000 support zone. Bitcoin started a fresh decline after it failed to clear the $17,000 and $17,200 resistance levels. The price is trading below $16,700 and the 100 hourly simple moving average. There is a key bearish trend lie forming with resistance near $16,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could drop further if there is a clear move below the $16,500 support zone. Bitcoin Price Extends Losses Bitcoin price failed to gain pace above the $17,000 resistance zone. BTC started a fresh decline below the $16,800 support zone to move into a bearish zone. The price even traded below the $16,650 support zone and the 100 hourly simple moving average. It traded as low as $16,453 and is currently consolidating losses. The price is clearly trading in a bearish zone below $16,700 and the 100 hourly simple moving average. Bitcoin price is now facing resistance near the $16,580 level. It is close to the 23.6% Fib retracement level of the downward move from the $16,961 swing high to $16,453 low. There is also a key bearish trend lie forming with resistance near $16,600 on the hourly chart of the BTC/USD pair. The first major resistance is near the $16,700 zone and the 100 hourly SMA. It is close to the 50% key bearish trend lie forming with resistance near $16,600 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com The main hurdle is still near the $17,000 level. A proper close above the $17,000 resistance might start a steady increase in the near term. The next major resistance is near $17,200, above which the price rise towards the $17,500 resistance zone. More Losses in BTC? If bitcoin fails to start a recovery wave above the $16,700 resistance, it could continue to move down. An immediate support on the downside is near the $16,450 level. The next major support is near the $16,200 level. A downside break below the $16,200 support might spark a move towards the $16,000 level. Any more losses might send the price towards $15,550. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $16,450, followed by $16,200. Major Resistance Levels – $16,700, $17,000 and $17,200.
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Along with Bitcoin, the world’s second-largest cryptocurrency Ethereum (ETH) has come under severe selling pressure after the collapse of the crypto exchange FTX. The ETH price has lost under $1,200 as investor confidence wanes. This month of December 2022 was even more concerning as Ethereum whales sold close to 1 million ETH coins so far.
The post Ethereum Whales Sold Close to 1 Million ETH In December 2022, More Fall Coming? appeared first on CoinGape.
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What do you know about the use of crypto tokens? One can swap, trade or hold them. We rarely believe that a token could be useful in the real world. The music industry was among the first to demonstrate how it could look. More and more musical acts, whether established or emerging, are taking digital […]
The post The Music Industry Shows Non-Speculative Real-Life Applications for Tokens appeared first on The Daily Hodl.
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Ho Ho Hodl! With the holiday season just around the corner, we dive into some of the best ways of putting your money to work during…Continue reading on Medium »
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Top 3 Defi tokens to invest in 2023: Following the prior downfall, several Defi tokens have shifted sideways, hinting the bearish momentum is getting exhausted. These lateral walks are some of the early signs of a trend reversal. Thus, the interested can grab these tokens at cheaper prices to maximize their gains in 2023. Uniswap(UNI)
The post Top 3 Defi Tokens To Invest In 2023 appeared first on CoinGape.
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