Archiv der Kategorie: Fussball

ApeCoin (APE) Gaining Momentum: 50% Gains in 2021 and Bullish Price Predictions

• ApeCoin (APE) is trading roughly flat on Sunday amid a pullback in broader cryptocurrency markets.
• ApeCoin has benefitted from a macro optimism-fuelled rally in broader cryptocurrency markets, and price predictions remain bullish.
• APE’s price momentum has been increasingly bullish ever since the crypto token broke to the north of a long-term pennant structure early in January.

The Ethereum network-based ERC-20 token at the centre of Yuga Labs‘ (the creator of the Bored Ape Yacht club non-fungible token collection and Otherside metaverse) web3 ecosystem, ApeCoin (APE), is trading roughly flat on Sunday amid a pullback in broader cryptocurrency markets. After being last seen changing hands in the $5.50 per token area, down around 8% from its earlier weekly highs just under $6.0 per token, it still is on course to close the week around 7.5% higher. This would mark a third consecutive positive weekly close for ApeCoin, which is now up over 50% since the start of the year.

The cryptocurrency has been bolstered by a macro optimism-fuelled rally in broader cryptocurrency markets. This has pushed the price of ApeCoin to new heights and made it one of the most popular tokens in recent times. As such, price predictions remain bullish, with ApeCoin’s near-term technical outlook looking very strong.

Since early January, the crypto token has broken to the north of a long-term pennant structure, a development that has been followed by two further bullish technical developments. Firstly, prices broke and held above the key $4.50 resistance (now support) area, and secondly prices also recently found strong support at the 21-Day Moving Average. With APE now having pushed sustainably back to the north of its 200DMA, bulls are optimistic that it will soon test the September highs in the $6.38 area before a further push higher.

In order for ApeCoin to reach new heights, it will need to break through various levels of resistance. The most pressing of which is the $5.8 level, which is currently acting as a strong resistance level. If this level is broken, then ApeCoin could have the potential to reach the next level of resistance at the $6.38 area.

In the short-term, traders should be aware that the current levels of resistance may not be enough to prevent a pullback. If a pullback does occur, then the key levels to watch out for would be the $5.5 and $5.0 levels. As long as these levels hold, then traders can be confident that the current bullish trend will remain intact.

Overall, the near-term technical outlook for ApeCoin looks very strong and the potential for further gains is high. However, traders should be aware of the potential for a pullback and remain vigilant with their trading strategies. With the right strategy and a bit of luck, ApeCoin could reach new highs in the near future.

Flow: A Utility-First Blockchain Network Gaining Traction

• Flow is a blockchain network developed to enable fast and cost-efficient transactions.
• It was initially developed by Dapper Labs to meet their own game development needs and was later launched publicly.
• Flow has been showing some substantial growth in terms of its price action and has been gaining traction in the crypto space due to its utility-first approach.

Flow is a blockchain network that has been gaining traction in the crypto space due to its utility-first approach. Developed and designed by Dapper Labs, Flow enables fast and cost-efficient transactions that are suitable for a wide range of applications. The network was initially created to meet the needs of Dapper Labs‘ game developers and was later released to the public to support other decentralized applications. Flow has been showing some impressive growth in terms of its price action and is proving to be a strong contender in the call for better and more value-oriented cryptocurrencies.

The network was first launched in 2018 with NBA Top Shot, a blockchain-based basketball cards collection marketplace, and according to data by Flow, there have been more than 20 million NBA Top Shot transactions worth over $1 billion processed as of May 2022. Flow has been able to gain a lot of traction due to its ability to meet the needs of developers, allowing them to create and deploy decentralized applications easily. Additionally, the platform is also able to process transactions faster than its competitors and offers lower cost as a result of its utility-first approach.

One of the main reasons why Flow has been able to stand out amongst the crypto giants such as Ethereum is its ability to support a wide range of applications and its scalability. This has been made possible due to its architecture which is designed to support thousands of transactions per second and offers a low cost when compared to other blockchains. Additionally, the platform also offers a wide range of tools and services that allow developers to quickly build, deploy and manage their applications.

Looking at the future of Flow, it is clear that the platform has a lot of potential. With its utility-first approach, scalability and low transaction costs, it is likely that Flow will continue to gain traction in the coming years. Furthermore, it is also likely that the price of Flow will continue to increase as more developers and users adopt the platform. As such, Flow has all the right reasons to be in the limelight these days and investors should definitely consider adding it to their portfolios.

Crypto Market Soars as Decentraland and The Sandbox Lead the Charge

• Decentraland (MANA) and The Sandbox (SAND) are the biggest crypto gainers today.
• Decentraland (MANA) is an ERC-20 token and LAND is a non-fungible ERC-721 token that are critical to the success of the Decentraland project.
• MANA/USD is currently facing a rejection offered by the 50-day SMA as bulls attempt to flip this resistance into support.

Cryptocurrency markets have been on a rollercoaster ride this past week, with the global cryptocurrency market capitalization standing at $822.98 billion on Sunday, January 8, down 0.24% from the previous day. Despite this, some projects have been able to record impressive gains, with Decentraland (MANA) and The Sandbox (SAND) emerging as the biggest crypto gainers today.

Decentraland is a popular Metaverse platform that runs on the Ethereum ecosystem. It uses two tokens – MANA, an ERC-20 token, and LAND, a non-fungible ERC-721 token – both of which are critical for the success of the Decentraland project. At the time of writing, MANA is trading for $0.36, up 19% in the last week and 9% in the last fortnight.

The bullish trend of the MANA token is expected to continue, with the token attempting to break past a consolidation below the $0.35 level. Currently, the price is facing a rejection offered by the 50-day SMA as bulls attempt to flip this resistance into support. If they succeed, MANA price will set its eye on the next resistance levels around the $0.40 and $0.45 marks.

The Sandbox is another project that has seen significant growth in the last few days. The blockchain-based virtual world allows its users to create, own, and monetize their own virtual worlds and gaming experiences. The SAND token is currently trading at $0.46, up 6.5% in the last week and 21% in the last fortnight.

Other projects that are recording impressive achievements in their presale stages are FightOut, Dash 2Trade, Calvaria, and RobotEra. With the cryptocurrency market becoming increasingly crowded, projects like these will be worth watching in 2023.

Crypto CEOs Resign in Mass Exodus Amidst Market Decline

• In 2022, a number of well-known CEOs left their positions as the heads of crypto-focused companies, including Sam Bankman-Fried of FTX, Alex Mashinsky of Celsius, Michael Saylor of MicroStrategy, and Jesse Powell of Kraken.
• The mass exodus started in 2022 when the cryptocurrency market started to fall.
• Whitney Gibbs, CEO of Compass Mining, and Chief Finance Officer Jodie Fisher announced their resignations in June due to Compass not paying the hosting and power fees associated with a facility in Maine.

The year 2022 marked a tipping point for the cryptocurrency market. As prices began to decline, a mass exodus of CEOs from crypto-focused companies began. Sam Bankman-Fried of FTX, Alex Mashinsky of Celsius, Michael Saylor of MicroStrategy, and Jesse Powell of Kraken all stepped down from their positions. These departures were due to a number of factors, such as the volatility of the market and the entry of these companies into a new phase.

The decline of the market was also responsible for the bankruptcy of a number of businesses, including Three Arrows Capital, Voyager Digital, and FTX. However, Do Kwon, CEO of Terraform Labs, refused to resign or vacate his position and instead fled abroad.

Whitney Gibbs, CEO of Compass Mining, and Chief Finance Officer Jodie Fisher announced their resignations in June due to Compass not paying the hosting and power fees associated with a facility in Maine owned by Dynamics Mining. Dynamics accused Compass of not paying them $250,000 for 3 months of power use.

The decline of the cryptocurrency market during this time period caused a lot of disruption amongst the leadership of crypto-focused companies. CEOs and CFOs left their positions due to the volatility of the market and the bankruptcy of several companies. Despite the chaos, some leaders were able to remain and adjust their strategies to weather the storm.

Celo Price Prediction: Bullish Movement Possible Above $0.50 Resistance Level

• Celo price prediction for December 29th is that it may continue to show a bullish movement if the coin could rise above the $0.50 resistance level.
• Celo price is attempting to create a new positive trend above the 9-day and 21-day moving averages, and traders may expect a bullish continuation above the $0.50 resistance level.
• Potential resistance levels for the Celo price are $0.75, $0.85, and $0.95 respectively.

The Celo price prediction for December 29th is that it may continue to show a bullish movement if the coin could rise above the $0.50 resistance level. At the time of writing, the Celo price is standing at $0.47 and its market cap is $227.1 billion. Moreover, the circulating supply of the coin is 478.8 million and its total supply is 1 billion. According to Coinmarketcap, the coin is currently ranked #102.

In order to create a positive trend in the market, the Celo price needs to rise above the 9-day and 21-day moving averages. The Relative Strength Index (14) is showing positive signs of crossing the 40-level which may indicate a bullish continuation in the future. If the Celo price succeeds in reaching the upper boundary of the channel, the potential resistance levels will be $0.75, $0.85, and $0.95 respectively.

Although the Celo price has seen some positive movement in the past few days, the coin still needs to break above the $0.50 resistance level in order to make significant gains. Moreover, if the bearish pressure continues and the coin fails to break above the resistance level, the price may retrace to the lower boundary of the channel and the potential support levels will be $0.30, $0.20, and $0.10.

Overall, the Celo price prediction for December 29th is that it may continue to show a bullish movement if the coin could rise above the $0.50 resistance level. The technical indicators are also showing signs of a possible bullish continuation, so traders should be cautious and keep an eye on the market movements.

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