Altcoins
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Filecoin [FIL] investors should read this before taking any position
After dwindling for over eight months, Filecoin (FIL) bears have denied any trend-modifying privilege to the buyers. With the current market structure undeniably being conducive for the sellers, the bears have entered into a price discovery to find newer lows. The recent plunge has brought the alt to test its six-month-long trendline support (white, dashed). A strong close below this…
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Maker [MKR]: As one of the rare alts in the green, here’s what you should know
On ‘Friday the 13th’, the crypto market was slowly recovering from its scare the previous day, when Bitcoin slipped below $27,000. At press time, though, most of the top 100 coins and tokens were still in the red. One of the few assets which was still green was Maker [MKR] – the 43rd biggest crypto at the time of writing, though this…
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Hedera [HBAR] looks ripe for an unprecedented recovery thanks to its…
Hedera’s native crypto, HBAR looked like it was set for a bullish recovery in the first week of May after dipping into oversold territory. This was before the market unexpectedly took a turn for the worse, resulting in more downside but it is once again looking bullish. HBAR received a roughly 42% discount in the last seven days as the…
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STEPN [GMT] rallies but is demand conspicuously missing
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. In April, Bitcoin and most of the altcoin market as well were in decline, but GMT rallied from the $2.1 support, as high as $4.17 in late April. However, in the past two weeks, the bullish strength of the token has massively waned.…
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Bitcoin: How are investors reacting with BTC breaching $30k on the downside
Bitcoin, for the first time, did not lead the market into downfall as the reason behind cryptocurrencies’ price crash was twofold. One was the rising fear surrounding the rising inflation and a potential recession, and the second was the fall of the biggest decentralized non-collateralized stablecoin TerraUSD (UST). Bitcoin makes new records The latter resulted in the selling of almost…
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Ethereum: What to expect as ETH stages a near 10% recovery on the charts
ETH is showing strong signs of recovery after a recent meltdown of the crypto market. The parity was restored after a near 10% growth surged ETH above $2,000. Impressively, it has been able to hold this position after plunging below $1,700 in the past week. What can we expect from the flagship alt coin? Is this revival or not? It…
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AXS and SLP Move Higher as Axie Infinity Reveals Economic Revamp
Popular blockchain-based mobile game Axie Infinity (AXS) has made economic adjustments for its upcoming season 20, drastically reducing the daily issuance of Smooth Love Potion (SLP) tokens which are earned as rewards. In the first place, the game has eliminated the adventure mode and the daily quest rewards, which were accounting for 40% and 14% of all SLP created within…
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