The DYDXUSDT market sharply corrected toward lower levels in recent trading sessions. One might have thought that the coin could break the $2.00 support level considering the volatility in the market. However, the market changed direction as soon as it hit the mentioned support level. Let’s try to understand the price dynamics of this coin […]
What Exactly are Layer 3 Blockchains in Cryptocurrency? Layer 3 blockchains are an evolution built upon Layer 2 protocols, offering improved scalability for developers to craft bespoke application-specific blockchains tailored to their requirements. Layer 1 Layer 2 Layer 3 Definition Foundation of the blockchain Built on top of Layer 1s like Ethereum Hosts application-specific dApps […]
China Steel Corp yesterday announced its decision to keep domestic steel prices unchanged for the second consecutive month next month. The nation’s largest steelmaker stated that it considered customers’ export competitiveness and the ongoing consolidation in the regional steel market when making this decision. China Steel also highlighted the steady recovery of the global manufacturing […]
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Dogecoin (DOGE) Price Long-term Prediction: BearishThe price of Dogecoin (DOGE) has fallen below the moving average lines as it surges above the $0.15 support. In the last rally, DOGE reached a high of $0.228 before being repelled. Before the cryptocurrency’s downward slide, bulls were denied twice at the $0.20 resistance. On April 13, DOGE fell […]
Lucky Block Price Forecast: April 15 The Lucky Block price forecast is for the market to leverage the support from the $0.0000260 demand level to push for a rally. LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart) Key Levels: Supply Zones: $0.0000600, $0.0000470 Demand Zones: $0.0000360, $0.0000260 Lucky Block has now touched down at the $0.0000260 resistance […]
Arbitrum Price Forecast: April 15 The Arbitrum price forecast is for the buyers to regroup to push the price back toward the consolidation zone from which it has just broken out. Arbitrum Long-Term Trend: Bullish (1-Day Chart) Key Levels: Resistance Levels: $1.5930, $2.1200, $2.4000 Support Levels: $1.1910, $1.1550, $0.9700, Arbitrum crashes out of its consolidation […]
Quant Price Forecast: April 14 The Quant price forecast is poised for a swift rebound after significantly slipping below the $96.90 significant level. Quant Long-Term Trend: Bullish (1-day Chart) Key Levels: Zones of supply: $117.60, $131.00, $142.10 Zones of Demand: $87.60, $96.90, $107.40 Quant is recovering nicely after a drop that takes the market below […]
The upcoming Bitcoin halving event is poised to transform the cryptocurrency mining landscape, prompting miners to adopt more sustainable practices. As the block reward reduces from 6.25 BTC to 3.125 BTC, miners are at a crossroads that could reshape the industry. Faced with potential profitability challenges, mining companies are reevaluating their strategies. According to Cointelegraph, […]
Price activity in the Skale Network market experienced a sharp dip after quickly rising above the $0.1200 mark. However, about six sessions ago, the market began to dip sharply over subsequent trading sessions. The coin recently regained some upside traction and seems set to keep rising. SKL Statistics: Current Skale Network Value: $0.09233 Skale Network […]
