Aurelia Butler

More stories

  • 138 Shares99 Views

    in Cryptocurrency

    XRP, ADA and MATIC Are Altcoins to Watch This Coming Week

    Bitcoin’s market dominance in comparison with the rest of the crypto market increased significantly in March. The market leader’s dominance rose from 44% to a peak of 48% as the crypto’s price rose around 22.7% during this time period. Despite this, the altcoin market underperformed or printed negative returns.Nevertheless, an altcoin market bull run may be on the cards in the near future, and three altcoins that investors and traders will want to pay attention to are Ripple (XRP), Cardano (ADA) and Polygon (MATIC). With March coming to an end, these three altcoins seem to be the top contenders for resuming their bullish recovery in the upcoming week.XRP’s price has printed higher lows and higher highs over the past 2 weeks. This has resulted in an ascending price channel forming on the altcoin’s daily chart.
    Daily chart for XRP/USDT (Source: TradingView)At press time, bears are fighting with bulls to defend the $0.56 resistance level – causing the price of the altcoin to retrace in the last 48 hours. Should the closest support level at $0.5 break, then XRP’s price could drop to the demand zone between $0.46 and $0.4747, which could result in an upward spike in XRP’s price in the coming week.XRP’s price is currently resting on the 9-day EMA line. Should it lose the support of the EMA line, then it will likely drop to $0.4617 in the coming week. This bearish thesis will be invalidated if XRP’s price is able to close above the resistance level at $0.5176 in the next 24-48 hours.Should this happen, XRP’s price will likely consolidate for a few days before rising to the next resistance level at $0.5430.Similar to XRP’s daily chart, an ascending price channel has been established on ADA’s daily chart as well. This comes after ADA’s price also printed higher highs and higher lows over the last 2 weeks.
    Daily chart for ADA/USDT (Source: TradingView)ADA’s price currently has the support of the 9-day EMA line. Furthermore, this EMA line is also trading above the 20-day EMA line at press time, which signals that ADA’s price is currently in a bullish cycle. ADA’s price may retract back into the support zone between $0.3709 and $0.3822 before continuing its upward move this coming week.Should bulls not step in once ADA’s price enters this support zone, then ADA’s price is at risk of dropping to as low as $0.3576 in the coming week. This bearish thesis will be invalidated if ADA’s price remains above the $0.3822 mark in the next 24-48 hours. Should this happen, the altcoin’s price will look to rise to $0.4179 in the coming week.A bullish ascending triangle chart pattern has formed on MATIC’s daily chart. Should this pattern play out, MATIC’s price will make a move to the next key resistance level in the coming week.
    Daily chart for MATIC/USDT (Source: TradingView)A key level that traders will want to keep an eye on is the resistance level at around $1.1578. Should MATIC’s price close above this level in the next 24-48 hours, the altcoin’s price will make a move towards the next resistance level at $1.2542.A potential early confirmation of this bullish move will be when the 9-day EMA line crosses above the 20-day EMA line. This will signal that bulls have stepped in to provide MATIC’s price the support needed to soar to the aforementioned $1.2542 in the coming week.On the other hand, if MATIC’s price drops below the minor support level at $1.0850 then it will likely continue to drop to sub $1 in the coming week.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post XRP, ADA and MATIC Are Altcoins to Watch This Coming Week appeared first on Coin Edition.See original on CoinEdition More

  • 150 Shares109 Views

    in Cryptocurrency

    Terra co-founder Daniel Shin’s arrest denied by court, citing low flight risk

    On March 23, Kwon was arrested at Podgorica airport in Montenegro while attempting to use fake documents to fly abroad. The Seoul Southern District Prosecutors Office took advantage of this situation and, on March 27, requested an arrest warrant for Shin, citing his involvement in cashing in illicit profits from Terra (LUNA) and TerraUSD (UST) sales. Continue Reading on Coin Telegraph More

  • 125 Shares189 Views

    in Cryptocurrency

    Analyst Shares What To Look Out for Before Buying Ethereum

    In their most recent YouTube video, the Altcoin Daily team interviewed quant analyst, Benjamin Cowen, and asked him when he thinks it would be best to buy altcoins, specifically Ethereum (ETH). At first, the analyst took a look at the ETH/BTC chart.
    Ethereum / Bitcoin 1W (Source: TradingView)When looking at this chart, Cowen points out the fact that ETH has been posting lower highs. He added that despite this, he believes that ETH will gain some strength against bitcoin, but is convinced it will only happen next year or even in 2025 after ETH experiences another drop in its dominance against the crypto king.When it comes to the best time to buy the altcoin, Cowen believes traders should wait for the ETH/BTC dominance to drop to between 0.03 and 0.04 BTC again. He also added that he himself will be waiting for the price to reach this level before making a move.
    Ethereum price (Source: CoinMarketCap)Data from CoinMarketCap indicates that ETH is currently trading hands at $1,818.97 after a 0.33% price decrease over the last day. The altcoin was also able to reach a high of $1,282.54 and a low of $1,811.12 over the same time period.Despite the fact that the crypto dropped a bit since yesterday, the altcoin is still in the green’ by more than 3% over the last week. At the moment, ETH’s 24 hour trading volume is in the red zone and stands at $5,301,182,631 after a more than 37% decrease.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post Analyst Shares What To Look Out for Before Buying Ethereum appeared first on Coin Edition.See original on CoinEdition More

  • 125 Shares199 Views

    in Cryptocurrency

    Crypto Intelligence Firm Shared the Main Features of XRPL Today

    Messari (@MessariCrypto) tweeted this morning regarding XRP Ledger’s feature set. According to the tweet, XRP Ledger’s (XRPL) includes its Issued Currencies (IOUs), which creates functionality for multiple assets.Another feature in the set is Authorized Trust Lines. This feature enables issuers to choose which wallets can interact with their tokens, added Messari’s tweet. Lastly, there is also a central limit order book in the feature set which supports low-liquidity IOUs.
    CoinMarketCap’s trending list (Source: CoinMarketCap)At press time, the price of Ripple (XRP) is up 0.14% in the last 24 hours according to CoinMarketCap. The remittance token has also made its way onto CoinMarketCap’s trending list, and currently occupies the number 2 position.XRP’s 24-hour gain has added to its positive weekly performance – taking XRP’s total gain over the last 7 days to approximately 13.02% at press time. As a result, XRP’s price stands at $0.5151 at press time.XRP was also able to strengthen against the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), by 0.16% and 0.53% respectively.The altcoin has also had a comfortable month, printing a 40+% gain over the last 30 days. The main contributing factor to the remittance token’s outstanding price performance is the recent positive positioning of Ripple Labs in its longstanding lawsuit with the Security and Exchange Commission (SEC).Many XRP traders and investors are confident that this lawsuit will come to an end quite soon and will see Ripple Labs the victors. Should this happen, it will not only be a win for Ripple Labs and their native token, XRP, but also give a much-needed boost for the broader crypto market in this latest crypto winter.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post Crypto Intelligence Firm Shared the Main Features of XRPL Today appeared first on Coin Edition.See original on CoinEdition More

  • 113 Shares139 Views

    in Cryptocurrency

    SHIB’s Price Gains After Daily Active Addresses Activity Spikes

    Crypto trader Ali (@ali_charts) tweeted yesterday that the popular meme token Shiba Inu (SHIB) saw a large spike in daily active addresses recently. The tweet shared data from Santiment which showed that the spike in SHIB’s daily active addresses reached a yearly high.
    Daily active addresses for SHIB (Source: Santiment)According to the data included in the tweet, SHIB has approximately 35,788 unique wallet addresses interacting on the network recently.This spike in activity has had a positive impact on the price of the meme token according to CoinMarketCap. At press time, SHIB is up 4.51% in the last 24 hours. This has added to its positive weekly performance as well – taking the total gain over the last 7 days to around 6.84%. As a result, SHIB’s price currently stands at $0.00001126.SHIB was also able to strengthen against the two biggest crypto in terms of market cap over the last 24 hours. Currently, SHIB is up 4.35% against Bitcoin (BTC) and 4.52% against the altcoin leader, Ethereum (ETH).
    Daily chart for SHIB/USDT (Source: TradingView)SHIB’s price attempted to break above the resistance level at around $0.00001121 twice over the last 48 hours. During both attempts SHIB’s price was able to break above the level successfully but failed to close the respective trading sessions above the level, as bears forced the altcoin’s token back down.A bullish technical flag is about to trigger on SHIB’s daily chart as the 9-day EMA line is attempting to cross above the longer 20-day EMA line at press time. Should this happen, SHIB’s price will rise to $0.00001207 in the coming days.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post SHIB’s Price Gains After Daily Active Addresses Activity Spikes appeared first on Coin Edition.See original on CoinEdition More

  • 138 Shares139 Views

    in Cryptocurrency

    Do Kwon’s Passport Has Become Fatal for his Arrest; Report Says

    The crypto analyst FatMan pointed out, referring to the post of the crypto analytic platform DLNews, that Do Kwon, the co-founder of the fallen crypto firm Terra Labs, has been caught by the police recently only because of the “horrible job” of the person who made him the fake passport.Notably, on April 2, FatMan shared a Twitter post, commenting that Do Kwon has been caught not because “he was recognized” or was “flagged in the database”, but because “whoever made his fake passport did a horrible job”:Subsequent to Kwon’s arrest on March 23, DLNews released a post describing the impact of the fake passport that became fatal. The analytic platform narrated an interview with the Montenegro prosecutor Haris Sabotic, who told that both Kwon and his accomplice Han Chang-joon, were suspected to be in Montenegro days before their arrest.In addition, DLNews stated that Sabotic explained the role of their passports in their arrest, quoting:Interestingly, Sabotic added that he received a call on March 23 from the police informing him that “two wanted Korean citizens” were arrested at the Podgorica Airport “on suspicion of using false Costa Rican passports”.Further, Dusko Milanovic, the Head of the State Prosecution Office asserted that the passport was the “alarm” for the police, adding:It is interesting to note that FatMan’s tweet received a lot of comments, sharing their gratitude to the person who had done a “horrible job” for the fake passport.The post Do Kwon’s Passport Has Become Fatal for his Arrest; Report Says appeared first on Coin Edition.See original on CoinEdition More

  • 88 Shares159 Views

    in Economy

    Thousands protest in Portugal over housing crisis

    LISBON (Reuters) – Thousands of people took to the streets of Lisbon and other cities across Portugal on Saturday in protest against soaring rents and house prices at a time when high inflation is making it even tougher for people to make ends meet.”There is a huge housing crisis today,” Rita Silva, from the Habita housing group, said at the Lisbon protest. “This is a social emergency.”Portugal is one of Western Europe’s poorest countries, with government data showing more than 50% of workers earned less than 1,000 euros ($1,084) per month last year. The monthly minimum wage is 760 euros.Rents in Lisbon, a tourist hotspot, have jumped 65% since 2015 and sale prices have sky-rocketed 137% in that period, figures from Confidencial Imobiliario, which collects data on housing, show. Rents increased 37% last year alone, more than in Barcelona or Paris, according to another real estate data company, Casafari.The situation is particularly hard on the young.The average rent for a one-bedroom flat in Lisbon is around 1,350 euros, a study by housing portal Imovirtual showed.The Socialist government announced last month a housing package that, among other measures, ended the controversial “Golden Visa (NYSE:V)” scheme and banned new licenses for Airbnb properties but critics say it is not enough to lower prices in the short term.At the protest, which was organised by the movement “Home to Live” and other groups, 35-year-old illustrator Diogo Guerra said he hears stories about people struggling to access housing every day.”People who… work and are homeless, people are evicted because their house is turned into short-term accommodations (for tourists),” he said.Low wages and high rents make Lisbon the world’s third-least viable city to live in, according to a study by insurance brokers CIA Landlords. Portugal’s current 8.2% inflation rate has exacerbated the problem.”With my salary, which is higher than the average salary in Lisbon, I cannot afford renting a flat because it’s too expensive,” said Nuncio Renzi, a sales executive from Italy living in the capital.($1 = 0.9226 euros) More

  • 113 Shares149 Views

    in Economy

    Finland’s Marin faces tough re-election bid in national election

    HELSINKI (Reuters) – Finns cast ballots in a closely contested parliamentary election on Sunday that could cost left-wing Prime Minister Sanna Marin power amid voter concern over the future of generous public services at a time of economic downturn.With no party seen as holding a decisive lead the election is likely to be followed lengthy coalition talks, although whichever party wins on Sunday will have the first attempt at forming a government.Marin, 37, is seen by fans around the world as a millennial role model for progressive new leaders and remains very popular among many Finns, particularly young moderates, but she has antagonised some conservatives with lavish spending on pensions and education that they see as irresponsible.”The right wing offers an alternative that makes life miserable for all of us, cuts services, cuts livelihoods for the poorest,” Marin told supporters on Saturday. “We have an opportunity to choose a better alternative.”Opinion polls show her Social Democrats, the biggest party in the outgoing coalition government, in a dead heat with the rightist National Coalition Party and the nationalist Finns Party, with all three seen winning some 18.7-19.8% of ballots.The National Coalition has led in polls for almost two years although its lead has melted away in recent months. It has promised to curb spending and stop the rise of public debt, which has reached just over 70% of GDP since Marin took office in 2019.The grouping accuses Marin of eroding Finland’s economic resilience at a time when Europe’s energy crisis, driven by Russia’s war in Ukraine, has hit the country hard and the cost of living has increased. WATERSHED U-TURN”Taking on more debt cannot go on for the next 30 years,” said Martti Haikio, 73, a history professor. “It’s been going on for 30 years – more debt, debt, debt – and good services, fine, but on borrowed money.” The Finns Party, too, calls for austerity but its main goal is to reduce what its leader Riikka Purra has called “harmful” immigration from developing countries outside the European Union.Voting starts at 9 a.m. (0600 GMT) and closes at 8 p.m. Partial results from early voting will be published shortly afterwards.Some 1.7 million or 40.5% of eligible voters already cast their ballot during the week-long early voting period that ended on Tuesday, Justice Ministry data showed. Marin’s Social Democrats believe economic growth will help rein in the rise in public debt and that if the coffers need balancing, prefer to contemplate raising taxes over spending cuts.However, that growth is not imminent. The economy in Finland, a country of 5.5 million, survived the pandemic better than those of most European countries, but growth slowed to 1.9% last year and the country is expected to tip into a mild recession this year, while inflation peaked at 9.1% in December.Most notable of Marin’s foreign policy actions has been her push, along with President Sauli Niinisto, for the country to make a watershed policy U-turn by seeking NATO membership in the wake of security concerns stemming from Russia’s invasion of Ukraine. That process is now almost complete, with Helsinki expected to join within days after all the Western defence alliance’s 30 members approved the accession. More