In recent developments, PayPal has introduced its stablecoin, known as PYUSD. This raises the question: Is investing in PYUSD a prudent decision? To answer this query, it is essential to comprehend the dynamics of stablecoins, their purpose, and the broader implications of PayPal’s foray into the crypto landscape. Stablecoins and Their Nature First and foremost, […]
Read morePrice action in the BNT daily market had recently ramped through the $0.600 mark, and short traders took advantage of the price increase to take out some profits from this market. This caused price action to spiral downward through multiple support levels. Nevertheless, as of now, buyers seem to have regained control deep in their […]
Read moreIn a continuation of its six-week winning streak, the U.S. dollar made modest gains on Tuesday, bolstered by expectations of pivotal economic data set to shape decisions regarding the Federal Reserve’s interest rates. The dollar index, a gauge of the dollar against a basket of global currencies, recorded a 0.44% uptick earlier today to reach […]
Read moreHBAR decreases as the Hedera network prepares to deliver tokens worth millions of dollars this week. This announcement was made in a tweet by well-known Chinese journalist Colin Wu, who listed Hedera Network as one of the few projects scheduled to release millions of dollars worth of cryptocurrency within the next week. According to […]
Read moreIn a groundbreaking move, the US Securities and Exchange Commission (SEC) has taken its first-ever enforcement action against a non-fungible token (NFT) project, alleging the sale of unregistered securities. The SEC’s scrutiny has fallen upon Impact Theory, a media and entertainment company based in the vibrant city of Los Angeles. In 2021, they raised an […]
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Scalping is a popular trading technique that involves making multiple quick trades within a short period to capitalize on small price movements. Traders who employ scalping aim to profit from the market’s volatility and liquidity, taking advantage of short-term price fluctuations. This strategy requires a high level of precision, discipline, and focus. The primary goal […]
Read moreQuant Price Forecast: August 27 The Quant Price forecast is for the market to make a renewed, determined push towards the $117.60 psychological level. Quant Long-Term Trend: Bullish (1-day Chart) Key Levels: Zones of supply: $117.60, $149.60, $167.10 Zones of Demand: $96.90, $87.60, $75.50 After a false breakout and a subsequent breakout to the downside, […]
Read moreArbitrum Price Forecast: August 28 The Arbitrum price forecast is for the coin to drop to a new record low due to the impending bearish pressure on the market. Arbitrum Long-Term Trend: Bullish (1-Day Chart) Key Levels: Zones of supply: $1.1100, $0.9700 Zones of Demand: $0.9280, $0.8500 The Arbitrum market was hit by the global […]
Read moreBulls are increasing in Sponge market SPONGEUSDT Price Analysis – 29 August Sponge may rise toward the resistance level of $0.000136, which is followed by the levels of $0.000196 and $0.000330 if more buyers come to the market this week Key Levels: Supply level: $0.000136, $0.000196, $0.000330 Demand level: $0.000093, $0.000006, $0.000004 SPONGEUSDT Medium-term Trend: […]
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